Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
mel_mel
New Member

Im a HerbaLife distributor & use the product myself to show clients/potential clients how they work.Can I write this off? & under what category inventory or advertisement

 
5 Replies
Critter
Level 15

Im a HerbaLife distributor & use the product myself to show clients/potential clients how they work.Can I write this off? & under what category inventory or advertisement

Sorry but product used  personally is not deductible ... all you get is a cheaper way to buy the product you use.  In fact you must remove the product used personally from the inventory figures on the Sch C.

Now if you use up some product in a demonstration fashion (like avon sellers will have demo product for buyers to try on)  or give some away like a loss leader or gift   that would be different.  

mel_mel
New Member

Im a HerbaLife distributor & use the product myself to show clients/potential clients how they work.Can I write this off? & under what category inventory or advertisement

I’m using it as a way to market the product. Most people won’t buy a wellness product unless they see someone actually getting results on them would that still not count as any form of business deduction?
Critter
Level 15

Im a HerbaLife distributor & use the product myself to show clients/potential clients how they work.Can I write this off? & under what category inventory or advertisement

Again you are using it personally ... this is no different than you wearing a pair of shoes to show people how good they look & fit ... so unless you lend them a pair to test drive you cannot use that as a deduction.
mel_mel
New Member

Im a HerbaLife distributor & use the product myself to show clients/potential clients how they work.Can I write this off? & under what category inventory or advertisement

Ok makes sense. How about products used at shake parties? Or events that were not sold but given out to sample
Critter
Level 15

Im a HerbaLife distributor & use the product myself to show clients/potential clients how they work.Can I write this off? & under what category inventory or advertisement

Sample and testing products used at demonstrations can be either supplies or advertising.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v