Youtube finance channel and taxes

[cytricks]

Hello,

I want to start making YouTube videos about my crypto-currency and stock trading I do for money. I watch others on YouTube and think I could do something similar as well. I was wondering about the financial and tax points of starting such a business.

Since the videos I plan to produce would involve me showing the purchasing, managing, and selling crypto and stocks; would those purchases count as deductible expenses? 

[RobertG · Accepted solution]

No, they would not be deductible expenses.

When you purchase assets as part of your business you have to account for them as assets.  

When you purchase crypto or stocks, you can't deduct them, because you still own them. 

You can't depreciate or expense them, because they are non-depreciable assets, like land.