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I stream on Twitch, but donate all revenue to charity. How does this impact my filing?
I stream on twitch. I make ad revenue and revenue from subscriptions. We earned approx $500 this year in total. All of this has subsequently been donated to a 501(c)(3) organization and I have records documenting this; this is the intended purpose of my stream -- we have no plans to ever "earn" money from streaming.
My question is two fold:
- How does this revenue effect my personal income filing / is it "zeroed out" by being given to charity?
- Would expenses I have accrued as part of this be something I could put down as business or similar expenditures? We've spent a lot of money on resources for the stream and will continue to do so, so I don't want to leave money on the table if they can be considered business expenses or similar.
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‎December 30, 2024
7:51 AM