Submitted by Silver0PK0Power t3_11e9jjp in personalfinance
DeluxeXL t1_jacw7r9 wrote
Reply to comment by MilkCartonDandruff in Can Someone Simplify In Layman's Terms On How To File Taxes As A Youtuber? by Silver0PK0Power
You can have deductible net operating losses when you are starting out.
[deleted] t1_jaczi6q wrote
[deleted]
Engineer-Daddy t1_jaczq2m wrote
But Youtube only monetizes people with certain amounts of views. How would you prove to the IRS that you are running a legitimate business vs. some guy who just tricked his room out for gaming?
DeluxeXL t1_jad2fwv wrote
The more serious you can prove your intent of running a business, the better chance the IRS treats it as a business despite lack of profit at start.
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