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Disclaimer : I am not a tax professional, or a CPA. I am speaking from my past experiences, always speak to a licensed tax professional for any questions. Period.

By Stock Chat

where the coffee is hot and so is the chat

27 thoughts on “Youtube creators need to know this taxes”
  1. Avataaar/Circle Created with python_avatars Data Radar says:

    Is my mansion and lamborgini tax deductible?

  2. Avataaar/Circle Created with python_avatars Snailking says:

    can you please speak about trading credit spreads on spy i am interested in your thoughts. I hate to say this because i am probably jinxing myself but lately trading weekly call spreads on SPY has been like taking candy from a baby. why isnt everyone doing this ? thanks for your time

  3. Avataaar/Circle Created with python_avatars Beavis Wealth says:

    I like the concept behind this but when it comes to tax deductions they have to be reasonable. I think this is stretching it. I would also assume it's a slightly different situation purchasing assets rather than items for a video. If someone has a channel about real estate can they avoid all tax implications on buying/selling homes? Just my thoughts tho! haha

  4. Avataaar/Circle Created with python_avatars craigcmu says:

    so if i buy a cat and make a video of him i can write him off plus his shit box, food and toys!! haha

  5. Avataaar/Circle Created with python_avatars ItsPlanB NL says:

    Can you also make a video about stock market taxes?

  6. Avataaar/Circle Created with python_avatars Francisca E says:

    I was looking up articles on how to file taxes for day traders and just ran into this video what a coincidence I'm def guna be a successful trader! 😲

  7. Avataaar/Circle Created with python_avatars LauraNYC says:

    We all make mistakes Connor 🤦🏻‍♀️ although I don’t buy anything Gucci lol I’m Chanel and Louis Vuitton girl 🙈 …… BUT NOOOO MORE I QUIT !!!!!

  8. Avataaar/Circle Created with python_avatars Chase Ramos says:

    So can I just review everything I buy on youtube and get tax deductions for it all?

  9. Avataaar/Circle Created with python_avatars Brian Figueroa says:

    So if I make a video about unboxing a silver or gold coin, or my kid unboxing toys and we have a channel called "blahhh blahnik blah", I can write off all the expenses that it took to make the review video?

  10. Avataaar/Circle Created with python_avatars 3n1productions100 says:

    👍

  11. Avataaar/Circle Created with python_avatars DanSan Channel says:

    Sooo….if I made $0.10 on my stock marketing youtube channel last year can I write off an Alienware Laptop I brought to use for editing my videos?

  12. Avataaar/Circle Created with python_avatars Anthony Bordignon says:

    Of man I really blew it not saving my receipts. Thanks for helping me get my head out of the clouds.

  13. Avataaar/Circle Created with python_avatars Dot Com says:

    You didn't need 5 examples, could've stopped repeating after the Gucci bag example.

  14. Avataaar/Circle Created with python_avatars Hasty says:

    Warrior trading Ad….ya hate to see it

  15. Avataaar/Circle Created with python_avatars David G says:

    I'm surprised no disclaimer at the beginning of your video or in the description. "I am not a tax advisor, this is not tax advice"… Etc. Anyway, neither am I but I strongly encourage anyone to also look into this further before doing anything about it. There "expenses" and then there are "assets". I don't how it would work for a YouTuber, but in general expense are things that are consumed or used within that year and need to be replaced. Whereas an asset lasts longer than that and in that case you can only deduct the depreciation from year to year. Again, not sure how it applies to YouTubers but the point is that it's most likely a bit more complicated than a five minute video. Otherwise nice video and a good idea to bring up the idea to people who may not have known about it.

  16. Avataaar/Circle Created with python_avatars BumtoBachelor says:

    I saw his ‘how to survive heartbreak.’ It’s that heartbreak tax deductible?

  17. Avataaar/Circle Created with python_avatars Kevin Cage says:

    Great vid, mate

  18. Avataaar/Circle Created with python_avatars Donald yman says:

    you needed to purchase that "new hoodie" for the youtube video hahaha

  19. Avataaar/Circle Created with python_avatars Blake Cardenas says:

    Can you write off things like monitors and computers for trading?

  20. Avataaar/Circle Created with python_avatars Lib Y says:

    so pre market live stream is just gone now?

  21. Avataaar/Circle Created with python_avatars Jim Smith says:

    How about a video on different tax deductions a day trader could take.

  22. Avataaar/Circle Created with python_avatars UGVLOGS says:

    I don’t make money on YouTube but it is really good video !!

  23. Avataaar/Circle Created with python_avatars Informed Tradez says:

    Cool, I am still not monitized yet. No money to deduct from😂 Hopefully soon!!

  24. Avataaar/Circle Created with python_avatars Jaesais says:

    Hold up… that means that you tubers that give rides to strangers in a car they bought to make a video can literally deduct a portion of that car to expenses to make that video…. 🤯

  25. Avataaar/Circle Created with python_avatars Swing Trader says:

    great video, I love learning about this 🍕

  26. Avataaar/Circle Created with python_avatars Modehfy says:

    Them 1099s 😀

  27. Avataaar/Circle Created with python_avatars john doe says:

    1099 ftw! Haha

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