Today TaxMama hears from Chris the dog lover who says.
http://klassroom.co/files/migration/new/writing-college-paper.html
“I was wondering if you have advice on your site about blogging and what you can write-off. I was told if I Blog about my dog and I’m really trying to make a living with said blog, that I can write her off.
http://klassroom.co/files/migration/new/how-to-write-a-good-expository-essay.html
Is this true? I am wondering how much we can write off as bloggers. Can’t find it anywhere on the Internet.
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”
Dear Chris,
Wouldn’t it be great if you could?
You need to be doing more than “trying to make a living with said Blog” about your dog.
This advice applies to all bloggers. You need to have a real plan in place to bring revenues to your blog. it would be wise to demonstrate that you’re on the way to generating real revenues from your blog before you start picking up expenses related to your dog – or your topic.
The fact is, your dog is a not a business. She’s a member of your household.
And if you love her very much, probably a member of your family.
Spell out why you think she or her antics are interesting enough for thousands or millions of people to want to read about her. Or spell out how you developed such good writing skills that you can turn her experiences into something people want to read about. Most importantly, where is the money going to come from?
Will it strictly be Google Ads?
Will you have paid advertisers or a sponsor?
Will you participate in affiliate programs?
Will you have your readers pay a membership fee?
Or…
How much will each of those sources bring? And will that be enough to live on.
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Until you can define all those things in quantitative terms, you’re just messing around with a hobby. And I wouldn’t be taking deductions for all your dog’s maintenance expenses. But treat this venture like a real business – and you stand to make some real money. Then, it’s a different matter.
http://klassroom.co/files/migration/new/writing-a-good-research-paper.html
And remember, you can find answers to all kinds of questions about blogging and other tax issues, free. Where? Where else? At TaxMama.com
- Ask TaxMama :: Where taxes are fun and answers are free
- www.TaxQuips.com :: The number ONE free tax podcast online
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