Kickstarter: Donations tax deductible?

[Keith Clarke]

Maybe RunRev can help out here by following this example to provide receipts for KickStarter donations once the project is funded?

 http://www.kickstarter.com/projects/1872362369/first-season-of-the-los-angeles-new-court-theatre/posts/190933

That would make... 

Donation + Reward = Consideration + Product = Purchase of software / event, etc

All allowable business expenses (at least in the UK).
Best,
Keith..

On 26 Feb 2013, at 05:33, Peter Haworth <pete at lcsql.com> wrote:

> Hi COlin,
> You're not buying anything, you're donating money for which you get
> something free in return.  I think that's how the IRS would treat it if
> they decided to audit you.
> 
> Once again though, I'm not an accountant so should probably check with
> someone of that profession.
> 
> Pete
> lcSQL Software <http://www.lcsql.com>
> 
> 
> On Tue, Feb 26, 2013 at 3:03 PM, Colin Holgate <coiin at verizon.net> wrote:
> 
>> Would it need to be a charity? For example, when I do my taxes this time
>> I'm going to be claiming the money I spent on the RunRev conference and on
>> my complete license. Wouldn't the Kickstarter payment be a mixture of
>> investment and product purchasing?
>>