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Get your taxes done using TurboTax
Yes, I have income. Received a 1099-MISC. I would like to expense the toys as props for the videos. Where do I put this expense in Turbotax? After making the video, I have no use for the toys so I need to get rid of them. Can I still get a tax deduction for donating the toys after expensing them? I don't mind if I can't, I'm OK with the cost of the toys being part of the cost to create the video. I'm just not sure if I need a specific way to show that I gave the toys away and that I don't have it anymore. Thanks for the help.
‎June 3, 2019
1:08 PM