US tax question

[thCapn]

Startup roaster. As a sole proprietor and LLC in Oregon, can I deduct the price of coffee donated to a non-profit? If so, retail, cost, or some other amount?

 

[chast]

you need to call your accountant and get accurate tax info as it changes yearly. JMO

 

[PinkRose]

Startup roaster. As a sole proprietor and LLC in Oregon, can I deduct the price of coffee donated to a non-profit? If so, retail, cost, or some other amount?

There are different ways to handle it. Your accountant will tell you what's best.

One way is to put advertising on the package and deduct it as an advertising expense.

You can only deduct the actual cost of the item donated, not the retail value.

 

[neglid]

Review this reference. I hope it can help a little bit.

Section 179 and Bonus Depreciation | Section179.Org