Yeah, pretty sure. It's considered income so I get to pay taxes. I think you lost me. How would income be a business expense?
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| Buying crystals https://nevergrind.com/forums/viewtopic.php?f=1&t=897 |
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| Author: | Maelfyn [ Sun Apr 19, 2015 7:48 pm ] |
| Post subject: | Buying crystals |
So, obviously, the people that currently have access have no reason to test this out, but it appears to work. I just bought 100 crystals from myself for $1. I suppose the real test will be tomorrow when non-early access hit the fields. |
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| Author: | trentjaspar [ Mon Apr 20, 2015 7:34 pm ] |
| Post subject: | Re: Buying crystals |
Do you have to pay taxes on that income? Can you at least deduct it as a business expense? |
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| Author: | Maelfyn [ Mon Apr 20, 2015 7:45 pm ] |
| Post subject: | Re: Buying crystals |
Yeah, pretty sure. It's considered income so I get to pay taxes. I think you lost me. How would income be a business expense?
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| Author: | mukkel [ Mon Apr 20, 2015 7:51 pm ] |
| Post subject: | Re: Buying crystals |
I think he means the $1 you spent on the 100 crystals - you could write that off as an expense! |
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| Author: | Maelfyn [ Mon Apr 20, 2015 7:53 pm ] |
| Post subject: | Re: Buying crystals |
lol oh boy. |
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| Author: | trentjaspar [ Tue Apr 21, 2015 1:33 am ] |
| Post subject: | Re: Buying crystals |
Exactly-- a business expense because you needed to test the feature. Declared revenue because, well, you received a dollar. |
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| Author: | Maelfyn [ Tue Apr 21, 2015 2:14 am ] |
| Post subject: | Re: Buying crystals |
I think I found my lawyer. |
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