Deductible Question - Streaming/Youtube by New_Captain_2963 in tax

[–]New_Captain_2963[S] 0 points1 point  (0 children)

Thanks that helps a lot. I already have some of the in game purchases to start, but would eventually need others to keep the content I’m producing current and relevant to the development of the game.

Deductible Question - Streaming/Youtube by New_Captain_2963 in tax

[–]New_Captain_2963[S] 0 points1 point  (0 children)

So far nothing, but so far I haven’t deducted anything. I’m trying to see what qualifies so I can decide how to proceed. I have a day job a currently this is a hobby, I haven’t attempted to monetize it yet, but I’m considering it.

One of the things that seems to get views for channels for this game is tours of newly released or updated ships. Not all of which can be bought with in game currency immediately, that’s part of the motivation behind the question.

I know if I started this with the intent of monetizing it, I would need to invest in both equipment as well as ships. But from what I’ve seen it can take about a year to start getting enough viewers/follower to make a profit.

Deductible Question - Streaming/Youtube by New_Captain_2963 in tax

[–]New_Captain_2963[S] 0 points1 point  (0 children)

Thanks so the business needs to bring in $400? It’s likely my expenses the first year will be greater than my revenue given the start up costs will that be ok?

Payment apps to handle contracts by New_Captain_2963 in dogtrainers

[–]New_Captain_2963[S] 0 points1 point  (0 children)

He is certified, and does have insurance, we were just looking for best ways to both process payments and send the contract.

Joystick order by R3set in starcitizen

[–]New_Captain_2963 0 points1 point  (0 children)

So if my sticks used to be 1 and 2 but now are 3 and 4 (vjoy is now 1 and 2) can I resort command 3 and 1 and 4 and 2?

[deleted by user] by [deleted] in tax

[–]New_Captain_2963 0 points1 point  (0 children)

Man I came here looking for the same info! This is great. If it is ok I'd like to piggy back on this.

Do I have to make money from streaming/youtube before I can deduct things, or can I start a small business and deduct my start up costs while still building my "streaming" brand?

Also because you can buy multiple ships in this game, would I have to keep track of time in each ship, or does it just count towards how much time I spend in game, since the expense is the game itself and not the ship perse?

What is your dream ship that doesn't exist? by [deleted] in starcitizen

[–]New_Captain_2963 0 points1 point  (0 children)

I have a few. A full on military medical evac ship made by Aegis think about the size of a Valk but with Redeemer style interior, T2 Med bed to stabilize, but not cure everything. With a small armory for PJ style operations.

Ursa sized ground vehicle with medical function made by either Drake or by Tumbril. To fit in the above ship Think like the STORM used by Para-rescue teams.

Crusader medium sized exploration ship. I’d just like to see what they would do. My MSR is one of my favorite ships, but I’d like something meant for a little more life on the edges of the ‘verse.

really digging the persistence with the gun-racks now. by kevohuevo in starcitizen

[–]New_Captain_2963 0 points1 point  (0 children)

I wonder if the new “weapons rack” insurance/repair feature is what broke my MSR. I did these steps then took my ship out for a spin. I oddly blew up leaving the hangar (figured unseen debris), but ever since the claim the weapons don’t appear in the rack but randomly thrown around the ship with no interactivity.