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Deductions & credits
Hi! Thank you for your reply. The link you sent is broken, but I'm wondering if you could send another. Also, the ad-revenue my videos next to nothing, in fact when I factor in the materials for making images I'm actually losing money. I enjoy making the videos though and because I technically make revenue I wondered about the financial benefits of filing it as a business. As I said in my earlier post, my intention is to eventually make it profitable so I don't think I'd be doing anything illegal, but alas I'm here to get a better understanding. Would those losses reduce the amount of money I get back on my return?
‎February 26, 2021
1:19 PM