plush
Contributing Member
Cash: $ 5.65
Posts: 27
Joined: 06 Dec 2015
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| Is this a tax-deductible expense? Brewing |
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Hi all,
I'm a Realtor who moonlights as a hobby brewer. Lately I've been brewing beer for client parties, prizes, closing gifts, etc. I give away probably 80% of what I brew, and it helps me keep in front of my clients. Since I started doing this, I've seen a significant increase in business and referrals.
I am curious if I can deduct some or all of my brewing-related expenses since I am "making" a gift for clients. I'm at a point where I need some equipment to keep up with the volume I give away (larger kettle for bigger batches, kegerator that I plan to leave at client's new houses during their move-in weeks, etc). I brew at home and use a fair amount of natural gas and water, spend a fair amount on grain, hops, yeast, etc.)
Since I'm 1099'd, what can I write off against my taxable income from this hobby-turned-business booster?
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