My understanding was that as long as the contributors to a crowdfunding campaign don't receive anything in return for their donations, then that crowdfunding money is considered a gift and not taxable. Can you please clarify? Are contributors to a film's crowdfunding campaign actually receiving something in return for their donations because a movie is being made?
I raised roughly $2500 of an $8000 goal on Indiegogo, which was the bare minimum for that particular project. It was extremely difficult, especially without much support persons helping me. It was worth it. It is seriously an entire project in and of itself. I did as many electronic rewards as possible so that I wouldn't have to cut into my donations to fulfill rewards.
I really appreciate you doing these daily videos, Alex. I’m sure you’re probably doing the sessions one day, then distributing the rest, to make it feasible. I don’t know if you’ll continue this in the future, but doing something regular, maybe a weekly hour Q&A, would be cool, too. You got a lot of fans, including me.
Some solid advice from Emel there. Thanks for sharing.
My understanding was that as long as the contributors to a crowdfunding campaign don't receive anything in return for their donations, then that crowdfunding money is considered a gift and not taxable. Can you please clarify? Are contributors to a film's crowdfunding campaign actually receiving something in return for their donations because a movie is being made?
I raised roughly $2500 of an $8000 goal on Indiegogo, which was the bare minimum for that particular project. It was extremely difficult, especially without much support persons helping me. It was worth it. It is seriously an entire project in and of itself. I did as many electronic rewards as possible so that I wouldn't have to cut into my donations to fulfill rewards.
Any tipss?
I really appreciate you doing these daily videos, Alex. I’m sure you’re probably doing the sessions one day, then distributing the rest, to make it feasible. I don’t know if you’ll continue this in the future, but doing something regular, maybe a weekly hour Q&A, would be cool, too. You got a lot of fans, including me.
Thank you for the helpful advice Alex. I need to try Seed & Spark for my current project.
David Spann some reason I couldn’t hear him say Seed and Spark. Thanks for writing a comment for it. 👍
Any one who allows people who dont look like them. Thats the best one.