Serious question: If I have a videogame TV show..

[Ice Cold]

Can I deduct videogames from my taxes?
I think I'm done with this whole being a legit citizen thing.
I want to learn how to code and I want to be a videogame reviewer
I know I can get a TV show on local access and possibly through the interweb.
But I want to know if I do this can I count things like a computer for making videos, adobe after effects etc against my taxes.
Does anyone know if this is a reasonable thing?
Would I have to be a LLC or something?


Thanks

 

[Double Burger With Cheese]

 

[theworldismine13]

Yeah, you most definitely can, you need to get an EIN and a fictitious business name (DBA)

Then you can deduct all kinds of random ish using the schedule c form for your taxes

It's all legit

 

[Ice Cold]

Yeah, you most definitely can, you need to get an EIN and a fictitious business name (DBA)

Then you can deduct all kinds of random ish using the schedule c form for your taxes

It's all legit

so do I have to employ other people, (employee ID number thing) and stuff like a computer for making videos and an Xbox would all be tax deductible ? This sounds to good to be true

 

[theworldismine13]

so do I have to employ other people, (employee ID number thing) and stuff like a computer for making videos and an Xbox would all be tax deductible ? This sounds to good to be true

Even your gas is tax deductible my friend, the downside to it is that it gets complicated when you do your taxes, and technically you have to keep all the receipts cuz its possible you can get audited but as long as it entails your business, it's a business expense

Nah you dont need to have an employee, an EIN is basically the social security number for your business, it just let's the IRS know that you exist

 

[theworldismine13]

One thing though, it only looks gravy when your business is losing money, which it will when you are starting up

But only losses are tax deductible, you do pay taxes on your profit

 

[Ice Cold]

One thing though, it only looks gravy when your business is losing money, which it will when you are starting up

But only losses are tax deductible, you do pay taxes on your profit

Lol I doubt I'd ever make money from this so I don't have to worry about that can public transport be tax deductible? Trips to conferences? Etc? Hotel rooms?
:birdmanhandrub: I may be eating well friend

 

[theworldismine13]

Lol I doubt I'd ever make money from this so I don't have to worry about that can public transport be tax deductible? Trips to conferences? Etc? Hotel rooms?
:birdmanhandrub: I may be eating well friend

It's all deductible, even your rent if you are running things from home

welcome to corporate america

 

[Ice Cold]

It's all deductible, even your rent if you are running things from home

welcome to corporate america

My nikka! I'm about to living that high life!

 

[Huellz Santana]

My nikka! I'm about to living that high life!

nikka you aint gone do shyt!


imma check back in a few months and you better be making progress or im roastin​

 

[Ice Cold]

nikka you aint gone do shyt!


imma check back in a few months and you better be making progress or im roastin​

Lol why you hating my nikka?
You're right I won't be doing this within the next few months bc I don't have the time right now but just wait

 

[Huellz Santana]

Lol why you hating my nikka?
You're right I won't be doing this within the next few months bc I don't have the time right now but just wait

not hating, just lighting a fire under your ass. i hate when people talk about it but dont do anything.​

 

[Ice Cold]

not hating, just lighting a fire under your ass. i hate when people talk about it but dont do anything.​

Well I'm a 4th year in med school and I have to write a personal statement, take a qualifying exam and then do interviews so I'm going to be a bit tied up but man I don't even think I want to do this medicine thing anymore to tell the truth

 

[Spliff]

Well I'm a 4th year in med school and I have to write a personal statement, take a qualifying exam and then do interviews so I'm going to be a bit tied up but man I don't even think I want to do this medicine thing anymore to tell the truth

What a time to have a change of heart

 

[Huellz Santana]

Well I'm a 4th year in med school and I have to write a personal statement, take a qualifying exam and then do interviews so I'm going to be a bit tied up but man I don't even think I want to do this medicine thing anymore to tell the truth

ur in med school? for 4 years and not sure?

man finish taht out so you can ​