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everytime i browse kickstarter-like sites I keep wondering how that affect tax. i'm buying a book from this guy, but it's not a product still, as he will work
by gcb 14y ago
everytime i browse kickstarter-like sites I keep wondering how that affect tax.
i'm buying a book from this guy, but it's not a product still, as he will work on it. but it's not service either, because i have no say on what he will write. and i will get a book in the end, so it's a product. unless he never get's to write it.
oh well, one more experience ruined by tax filling month paranoia.
- rhubarbquid 14y agoWhen you order a pizza it doesn't exist at the time you order. That doesn't change the fact that you're purchasing a product. Though I think with kickstarter you're technically making a donation. Either way I don't see how that could affect your taxes (other than sales tax) unless you're backing something you want use as a deduction...
- gcb 14y agoDonation is very different from purchase. but i was thinking mostly for the guy receiving the money. There's then a distinction for selling and servicing. The pizza analogy is not that fitting, because there's no wording saying the pizza may not materialize.