Preheat oven to 425. Grease a full sized or mini donut pan well and set aside.
In a medium bowl, whisk together the first five ingredients (all liquid) until combined.
Add remaining ingredients and stir until smooth.
Place mixture into a piping bag or a plastic bag with a hole cut out of the corner and pipe the batter into prepared donut holes, filling each cavity about ⅔rds full.
Bake at 425 for 8 minutes for a large donut pan, or 5 minutes for a small one.
Set aside to cool completely before glazing.
Once cooled, dip into cream cheese glaze (recipe follows) and decorate with colored sprinkles or sugar.
Recipe by Overtime Cook at https://overtimecook.com/2015/12/13/baked-red-velvet-donuts/