1 Analyses of this case by attorneys

  1. Crowdfunding And Taxes In Kickstarter: Everybody Wants Their Share

    Gray Reed & McGraw P.C.January 21, 2014

    A gift is a transfer that (1) is voluntary, and (2) is motivated by a “detached and disinterested generosity.” Commissioner v. Duberstein, 363 U.S. 278, 285 (1960). You will be able to deduct the Kickstarter and credit card processing fees, content costs, and the sales tax from your gross income of $42,000.