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Writing off food products

jonna

Member
Jan 15, 2006
56
0
I'm not sure if this has been addressed before, but my Director told me that you can write off food products you buy to try out recipes, but that you can only write off the same recipe twice.

So for example, if I make the Triple Chocolate Micro-cake, I can write off any thing I buy to make it with, twice.

Am I getting that right?
 

DZmom

Veteran Member
Jun 20, 2005
1,063
2
If you make a recipe 2 times then you can write-off the cost for all the ingredients for both times you purchased the recipe's ingredients. If you make a recipe again, then the 3rd time's ingredients are NOT tax deductible!
 

Happy Mom

Member
Aug 11, 2005
177
0
I am confused here. If you buy the ingredients and make the recipe for a show, isn't that a valid business expense? I do not seek reimbursement from the host.

How was it determined that two is the magic number?


Thanks
 

Harrle

Member
Jul 18, 2005
294
0
Unclear??

DZmom said:
If you make a recipe 2 times then you can write-off the cost for all the ingredients for both times you purchased the recipe's ingredients. If you make a recipe again, then the 3rd time's ingredients are NOT tax deductible!

Isn't it if you make the recipe 2x's at home to test/try for your family you can write it off. If you purchase ingredients for your hosts show as a gift for her you can still write if off?? Do you categorize it some way in PP if you purchase items for a show/host?

Leea
 

fruit76loop

Veteran Member
Gold Member
Sep 13, 2005
1,159
0
Seperate costs

Harrle said:
Isn't it if you make the recipe 2x's at home to test/try for your family you can write it off. If you purchase ingredients for your hosts show as a gift for her you can still write if off?? Do you categorize it some way in PP if you purchase items for a show/host?

Leea

Leea, that is correct. I seperate my food cost into two categories Food-P and Food-S. These stand for practice food and show food. You can write off the food for that you purchase for shows no matter how many times you have made the recipe!

When I have my receipt from the store, I circle the items for the recipe and write what recipe I made and either put a "P" or an "S" at the top so when I enter my receipts at the end of the month, I know which category to put it in!
 
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