Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on .
Most recent reply
presented by

Oddball youtube / rehab tax deduction question
I've had this question in my head for a while and figured I'd finally ask it.
Let's say you created a youtube channel for the purpose of creating a following & eventually making a profit. A DIY maker type channel.
Could you do a renovation on your home, create a video & then deduct the rehab costs?
Assuming of course that you continued to make videos in an attempt to build a profitable channel...
Most Popular Reply

- Tax Accountant / Enrolled Agent
- Houston, TX
- 6,079
- Votes |
- 5,181
- Posts
Years ago, I worked out of my home office. That office had a full-length mirror on the closet door. When a client would ask me this type of questions, I'd offer them my "mirror test": say this idea into the mirror 3 times without cracking a smile. If you can pull it off with a straight face, then we will discuss it further.
I never had to discuss these creative ideas further. Nobody could pass the mirror test.