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Deductions & credits
Much of the difficulty, as I pointed out above under the name of BMcCalpin, is that the terminology that streamers use does not sync with terminology in the tax world, particularly when the same terms are used with rather different meanings.
It should be no surprise that some posters here, being tax professionals, understood the text as tax words rather than the streamer words. And the initial post used donations in the streamer sense, which is NOT the meaning in the tax sense. This is what people were pointing out.
Hence my lengthy discourse on applying tax terminology and treatments to the streamer business model.
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March 18, 2020
1:47 PM