Business, 01.03.2021 03:30 beccadrums

I am a local aperitif wine producer cashing in on the $18 cocktail craze. I purchased about 235,000 gallons of bulk wine and add my own proprietary blend of sugar, herbs, and spices (via approved TTB formula). In 2020 I bottled about 230,000 gallons. Am I eligible to claim the tax credit for small domestic producers? What is my 2020 federal tax liability?

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I am a local aperitif wine producer cashing in on the $18 cocktail craze. I purchased about 235,000...

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