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Can the producer transfer credit on wine it produced for a custom crush customer?

April 26, 2017credit crush Custom customer produced producer transfer Wine

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Can the producer transfer credit on wine it produced for a custom crush customer?

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Yes, but only if the producer holds title to the wine at the time of removal from bond (see 27 CFR 24.278(b)(2)(iii)). If the custom crush customer holds title to the wine, the credit may not be transferred to another taxpayer, and the taxpayment should be made from the producer’s winery.