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Amazon Vine Charitable Donations after 1099-C Form
Hi,
I'm new to the Amazon Vine program and working to get up to the Gold tier. I'm trying to decide whether it's worth it or not.
If I receive over $600 in free items from Amazon Vine, but donate them, does that negate any of the tax implications?
For instance, let's say I get $100 worth of toys and donate it to a 501c3 charity, with a receipt for a donation worth $100.
How much in taxes would I pay and how much would be removed by the charitable donation?
I know that both are reflecting on the amount of income.
Thank you!
‎September 15, 2023
12:46 PM