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Can I Write Off Food Products Used for Recipe Testing?

In summary, you can write off the cost of ingredients for a recipe when you make it twice, either for testing at home or for a show. This can be categorized as either Food-P for practice food or Food-S for show food. If you purchase ingredients for a host's show, you can still write it off. The number two was determined as the magic number for writing off ingredients for a recipe.
J
jonna
56
I'm not sure if this has been addressed before, but my Director told me that you can write off food products you buy to try out recipes, but that you can only write off the same recipe twice.

So for example, if I make the Triple Chocolate Micro-cake, I can write off any thing I buy to make it with, twice.

Am I getting that right?
 
If you make a recipe 2 times then you can write-off the cost for all the ingredients for both times you purchased the recipe's ingredients. If you make a recipe again, then the 3rd time's ingredients are NOT tax deductible!
 
  • Thread starter
  • #3
Gotcha! Thanks!! :)
 
I am confused here. If you buy the ingredients and make the recipe for a show, isn't that a valid business expense? I do not seek reimbursement from the host.

How was it determined that two is the magic number?


Thanks
 
I wondered about that too. Hopefully my accountant knows!
 
Unclear??
DZmom said:
If you make a recipe 2 times then you can write-off the cost for all the ingredients for both times you purchased the recipe's ingredients. If you make a recipe again, then the 3rd time's ingredients are NOT tax deductible!
Click to expand...

Isn't it if you make the recipe 2x's at home to test/try for your family you can write it off. If you purchase ingredients for your hosts show as a gift for her you can still write if off?? Do you categorize it some way in PP if you purchase items for a show/host?

Leea
 
Seperate costs
Harrle said:
Isn't it if you make the recipe 2x's at home to test/try for your family you can write it off. If you purchase ingredients for your hosts show as a gift for her you can still write if off?? Do you categorize it some way in PP if you purchase items for a show/host?

Leea
Click to expand...

Leea, that is correct. I seperate my food cost into two categories Food-P and Food-S. These stand for practice food and show food. You can write off the food for that you purchase for shows no matter how many times you have made the recipe!

When I have my receipt from the store, I circle the items for the recipe and write what recipe I made and either put a "P" or an "S" at the top so when I enter my receipts at the end of the month, I know which category to put it in!
 
Okay, that makes sense.
 

Related to Can I Write Off Food Products Used for Recipe Testing?

1. Can I deduct food products as a business expense?

Yes, you can write off food products as a business expense if they are used for business purposes. This includes food products used for sampling or for promotional purposes.

2. What types of food products are eligible for a tax deduction?

Generally, any food product that is used for business purposes can be eligible for a tax deduction. This can include ingredients used in recipes, food products used for demonstrations, or food products used for promotional events.

3. How much of my food product expenses can I write off?

The amount that you can write off for food products will depend on the percentage of the product that is used for business purposes. For example, if you use 50% of a food product for business and 50% for personal use, you can only write off 50% of the cost.

4. Do I need to keep receipts for my food product expenses?

Yes, it is important to keep receipts for all food product expenses as proof for your tax deduction. Make sure to keep detailed records of the date, amount, and purpose of the food product purchase for your business.

5. Can I write off food products if I am a sole proprietor?

Yes, as a sole proprietor, you are eligible to write off food products as a business expense. However, it is important to keep accurate records and only deduct food products that are used for business purposes.

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