Write-offs???

[Starting Big]

Say I'm launching a website where I charge $100 for one unit of my product. While promoting the launch, if I were to give out a bunch of vouchers for one free unit each, could I write-off the vouchers given away when my product only exists online?

[Chris]

You can write off the cost of providing the voucher, not your profit from a full sale.

For instance, I've given away free products before. I can write off the cost of those products to me. I cannot write off the value of what the recipients would have paid for them.

So, if your product costs you nothing to give away, there is nothing to write off.

[Starting Big]

Thanks Chris. That scenario would have been too good to be true, so I figured it probably wasn't, but having no experience with taxes, etc., I had to check.