TOP 5 TAX WRITE-OFFS (DEDUCTIONS) FOR SNEAKER RESELLERS

[joselynthebay]

Your the only dude making serious videos like this..appreciate it. I just got that quick book app so I’m learning how to use it. Another dude shared his link. Adding my mileage on there too

[andrewwarenchak]

Thanks for bringing the heat each and every day bro. Peace

[kimberlytamayo]

TY so much for all your amazing tips, and information! Love coming to your channel to see all these content. I'm new to the sneaker reselling game, and you've guided me so well, thanks again!

[SteezoENT]

As many resellers that are out here, this video needs way more views

[HolySpiritFire]

Great info to know, with new bill passed. Thank you sniper!

[majinbuu]

Thanks bro means a lot you giving this info to a playboy just trying to make a living, stay blessed 213 and I’m

[juan-ldhi]

if i replace the brakes on my car that i use to go buy shoes, shipping boxes and tape can i use that as a write off?

[Folami]

What about seller fees like the ones Stockx charges when you sell a shoe on their platform?

[richardmrdorsey]

Man you laid it out for the small business owners

[bobbyrado]

I have that same jacket bro...shit’s fire 🔥😂

[JermainG]

This video is very helpful bro appreciate it

[joselynthebay]

Quick question what about business trip like travel to sneakercon for example? Would you write off whole trip? I might blend some leisure travel in there with my business travel

[chrisace]

Great video!!! I have an important question. I do a lot of cash outs at sneaker events. So I buy a lot of pairs in cash…. I want to do my taxes but how will irs believe me. Also. Do I subtract shipping and all that BEFORE everything. Or just at the end of the year

[zaternnn]

I got a 1099 K from eBay but nothing from Stockx? Should i still expect one

[MrJonOnTheRoad]

Can I use a new laptop purchase as a write off if I’m using 50/50 for personal/shoe business

[lifeinbeastmode]

nice video .. Im not a cpa but when comes to writing off office space in your house dont think its worth it. Down the road when you sell the house it could cancel out your ability to avoid capital gains tax when selling your primary residence. People who sell their primary residence after having lived in it for at least two of the five years before the sale generally don't have to pay taxes on up to $250, 000 in profit on the sale. Using this write off, you’re also required to depreciate the value of your home! . Depreciation refers to an income tax deduction that lets taxpayers recover the costs of property, due to wear and tear, deterioration or obsolescence of the property. The depreciation you’re required to take in home office deductions is subject to capital gains tax when you sell your home as well. In the long run i dont think deducting office space in your home is worth it. good video otherwise

[XX-xprz]

Do these deductions (except COG) only apply towards people with a business license?

[drprince]

would a sneaker group subscription count as a write off?

[lillxxscrappy]

How about proxies, servers, software program etcc??

[garrisonbhote]

Is this for income from 2021? Or is this for 2022 income?