How are content creator & influencer gifts taxed??

[@TheCostumeJeweler]

As always, great content!

[@sheryl3268]

Good stuff. Would you do one on what is a deductable expense for creators, please? For instance, is someone who creates cooking videos allowed to write off the cost of the food, and what about the pots dishes and utensils, etc. or the equipment and all. Do personal use rules apply like with a car for everything, even for food (i.e. if they eat the food after video)? How about a gardener and the cost of their seeds, fertilizer, gardening tools, etc? How about someone who videos the process of woodworking or cabinet making etc--and cost of the wood, and/or woodworking machines and tools? Or maybe a person showing makeup tecniques using themself as the model--would their makeup, mirror, etc be business expenses?

[@sheryl3268]

Regarding this video: what about monetary gifts from fans? This is like the YT SuperThanks, Buy Me a Coffee, or a donation just because they like the content and/or you and/or what you are or have been doing. There would be no extra content, perks, etc other than appreciation. It wouldn't change what the content is or the frquency, etc. Would that be taxable income?

[@notyourdadscpa]

Will do 👍🏼