Amazon Vine

Forum|Forum|1 year ago
January 19, 2025
1 reply
1 view

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?

Bsch4477

Level 15

Following

randellion77Author

Level 2

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

randellion77Author

Level 2

The fallacy in your reasoning is that your labor is not deductible. If you hired someone for $100 to install the fence and the materials received from Amazon were valued at $100 you would report the Amazon income and deduct the $100 cost of labor that you paid for. A wash. But your labor is not deductible.

I am not deducting the labor as an expense.

I'm deducting the value of the Vine items employed by the Rental Enterprise.

I assume that an expense does not necessarily need to be denominated in money; that an expense can be in the form of a tangible item.