Kickstarter: Donations tax deductible?

[Randy Hengst]

In another successful Kickstarter campaign that I supported, Kickstarter sent a pledge summary with amount pledged and the reward info. That, I assume, is the receipt. I also received a separate email from Amazon once my card had been charged.


On Feb 26, 2013, at 3:24 AM, Keith Clarke wrote:

> 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?
>>> 
> 
> 
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