Thank you, BMcCalpin for an accurate answer to this question. First, I am a CPA, and this post in no way constitutes a CPA-client relationship nor is it intend to be a substitute for advice from your tax advisor.
The term "donation" for professional streamers would be considered a justifiable networking/advertising expense. Even though there isn't a specific line item on Schedule C for things like stream content, there is a line item for Other Expenses where the non-line items can be listed.
If you are looking to hire a tax professional, make sure they have experience with streamers or entertainers/freelancers. You may DM me on Twitch to @liztaps for help finding someone or to ask a "quick question."
