this post was submitted on 02 Mar 2026
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Right because you're donating intellectual property which is property. And that distinction is fucking nonsense but here we are. I doubt a full audit would allow market prices to survive on that though. They'd be like "hey now, this didn't cost you that." But to do a full audit we'd actually have to fund the IRS. Good luck getting that to happen.
But would not that depend on how OP's time is valued in this case? OP could argue that their expertise costs $14000/hour ($70000 over 5 hours). I am sure that they would argue the hour cost, I have not clue how the IRS handles something like this.
They don't let you deduct the cost of your own labor ever. The property thing is the loophole (but after further research not a real loophole and they will nail you for it).