Does anyone deduct BBQ expenses on their taxes?

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bo_gator

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Does anyone here deduct their BBQ expenses on their taxes, using Schedule C :?:

Of course you would have to be a competition cooker in order to do this.
 
Or catering I imagine. No tax deductions for me as it's strictly a hobby.
 
Unless your team is an actual business, and you're making a living at it, I can't see where you would be able to file using the schedule C. Otherwise it's just a hobby, and not deductible.
 
If its just a hobby and your BBQ expenses are that high that you have thought of deducting it from your taxes, I think you need to consider a cheaper hobby.:razz:
 
I think you could, expecially if you have winnings

I know people who fish in tournaments that do.

I would be very careful about this and consult a tax expert.

but i think its possible

I would ask in the comp forum
 
You don't have to be a comp cooker to do this.

You could sell BBQ's meat online to people from a website. You would need to show that you actively work the business, and you would have to be able to produce records/receipts.

You could be a BBQ blogger/product reviewer, which would require you to purchase items for use on the blog.

Again, consult a tax person before doing this, but it can be done.

Just my two cents.
 
WareZdaBeef said:
If its just a hobby and your BBQ expenses are that high that you have thought of deducting it from your taxes, I think you need to consider a cheaper hobby.:razz:
Click to expand...

:boxing:

Clearly you're not into Amateur Radio. Its easy to drop two or three thousand on a transceiver, antenna, and other shack gear. All in the name of merely a "hobby".

Lol just giving you some chit though :thumb:

73 de KD0PBO
 
WareZdaBeef said:
If its just a hobby and your BBQ expenses are that high that you have thought of deducting it from your taxes, I think you need to consider a cheaper hobby.:razz:
Click to expand...


New to this, are 'ya? :icon_blush:


Back WHEN I competed I'd do 4 comps per year; 3 MBN and 1 KCBS comp, total $$$ outlay by ME personally was almost to the penny $5400 to compete, some years I'd win back a few hundred, a couple years I made my money back plus a few dollars...

To the original poster, and I WAS a tax pro, it's a hobby expense, and the money is deductible up to, but no more, than your total winnings. Use it so that you dont pay taxes on your winnings.
 
SmokinJohn said:
You don't have to be a comp cooker to do this.

You could sell BBQ's meat online to people from a website. You would need to show that you actively work the business, and you would have to be able to produce records/receipts.

You could be a BBQ blogger/product reviewer, which would require you to purchase items for use on the blog.

Again, consult a tax person before doing this, but it can be done.

Just my two cents.
Click to expand...

I do a blog ... hhhmmmm :idea:
 
Lake Dogs said:
New to this, are 'ya? :icon_blush:


Back WHEN I competed I'd do 4 comps per year; 3 MBN and 1 KCBS comp, total $$$ outlay by ME personally was almost to the penny $5400 to compete, some years I'd win back a few hundred, a couple years I made my money back plus a few dollars...

To the original poster, and I WAS a tax pro, it's a hobby expense, and the money is deductible up to, but no more, than your total winnings. Use it so that you dont pay taxes on your winnings.
Click to expand...

The last I checked the IRS gave you 3 years to produce a profit, or it is a hobby. As a profession all reasonable and necessary expenses would be deductible, but as a hobby only the amount up to total earnings would be.
 
Cack said:
I do a blog ... hhhmmmm :idea:
Click to expand...

But how is a blog a business? Would running google ads or other ads be considered a business? If so... hmmm..
 
JS-TX said:
But how is a blog a business? Would running google ads or other ads be considered a business? If so... hmmm..
Click to expand...

Let's say, for sake of argument, that I want to sell UDS or Big Baby Smokers. How do I get the word out?

I could start a blog, the purpose might be showing the reader how to build one, and / or giving them the option to pay me to build one for them.

In order to keep the reader there, I'm going to have to build a smoker. I'm going to need parts. I'm going to need tools. I'm going to have to pay hosting fees and domain fees. These are expenses.

I'm going to need to test and tune my smoker before I sell to the public. More expenses. Meat, Charcoal, Thermopens, ATCs.

Other than building UDSes and Double Barrel Smokers, I have no need for an angle grinder, 1" hole saw, jig saw, or barrel cutters.

The tasty products I prepare using my "revolutionary" design are the proof that my products works.

Make sense?
 
I was just saying that if its hurting your wallet soo much that you resort to trying to get a tax break, then maybe you should find a cheaper hobby. I have plenty of expensive hobbys, but i dont try to cheap out on the gov to support my hobby's.
 
If the IRS didn't require me to pay taxes on the winnings, I might not deduct expenses, but they do.
 
WareZdaBeef said:
I was just saying that if its hurting your wallet soo much that you resort to trying to get a tax break, then maybe you should find a cheaper hobby. I have plenty of expensive hobbys, but i dont try to cheap out on the gov to support my hobby's.
Click to expand...

Lets see, gas is taxed, income is taxed, groceries are taxed, tobacco is taxed, beer it taxed... Looking at the amount I pay annually, I'm far from "cheaping out on the gov".

But I will certainly use the tax code to my advantage, hobby or not.
 
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