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Level 2
January 19, 2025
Question

Amazon Vine

  • January 19, 2025
  • 19 replies
  • 105 views

Another Vine approach:

I own a rental property- 20 acres with cottage.

The Vine items I review are tested at that site:  solar items, batteries, garden care, etc.

I'm thinking the value of the Vine items (say $1000) can be combined with my tenant income.

Then, I can claim the $1000 of Vine items as Expenses to offset the income.

Bottom line, they cancel out within the scope of the Rental Property.

Sound reasonable?

    19 replies

    Level 15
    January 19, 2025

    Following 

    Level 2
    January 20, 2025

    Thought I'd follow up with a couple analogies:

    Farmer with 20-acre field buys seeds (corn), an expense.

    Corn crop on 20 acres yields several bushels of corn in harvest sold at market; the income.

     

    Chrysler operates and maintains a 2000-acre Nevada test track costing $100,000 per month; an expense.

    Chrysler tests some new prototypes for GM exclusively for one month.  For $100,000 income.

     

    Vine reviewer subjects garden and camping products to rustic, woodsy conditions in a 20-acre rural setting.  an expense.  

    Vine reviewer retains the value of the items tested as compensation; the income.

     

     

     

     

     

     

    Somewhat

    Level 2
    January 20, 2025

    Oh, and Chrysler didn't take $100,000 cash, but instead the equivalent value of GM vehicles that were tested on the track (i.e. income). They'll probably take them back to the shop to reverse engineer them.