Best Real Estate based Tax strategy to offset YouTube income

Investor · Burtonsville, MD · Member since 2018 · 32 posts · 2 votes

Hi all please provide Best Real Estate based Tax Strategy to Get Tax deduction Benefit to offset YouTube Income for a 16 year old and can he be on a home title of ownership. what avenues are Youtubers employed to get the tax benefits

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Tatyana Shevnina
Specialist · Los Gatos, CA · Member since 2014 · 73 posts · 28 votes
6y
Presuming this is 1099 income, I'd first focus on all the ordinary and necessary expenses tied to YouTube income.
Quick example here -- https://tubularinsights.com/tax-deductions-us-youtubers/

These expenses/deductions will help to reduce regular income tax as well as self-employment tax.
Any deductions not tied to YouTube income will not help to reduce self-employment tax.
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James Wise
Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
6y
Originally posted by @Stanley Dean:
Hi all please provide Best Real Estate based Tax Strategy to Get Tax deduction Benefit to offset YouTube Income for a 16 year old and can he be on a home title of ownership. what avenues are Youtubers employed to get the tax benefits

How much money you making on YouTube? Gotta be some serious coin to be thinking about this already.
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Stanley Dean
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Investor · Burtonsville, MD · Member since 2018 · 32 posts · 2 votes
6y
Thank for the feedback Tatyana, and James he still a growing utuber with some prospect for future growth.
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