New Tax Law

(Kate Hackett) #1

Has anybody puzzled over what this tax bill does for crowdfunding campaigns? If you can’t write things off, but you get a big influx… what’s the situation with this?

(Erik Urtz) #2

I imagine you are expected to take it as income, unless you have self incorporated. If you can’t easily hit the $10k in deductions from your productions then you probably should consider incorporating which would allow you to put your gain / loss against your personal income.

Obviously consult your tax professional :smiley: