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Dan Romero
@dwr.eth
Is there a good guide for tax optimizing if you’re building a Farcaster app / service and you’re not venture backed? i.e. if you have 10 paying customers, how much of your home internet, cell phone, rent, saas subscriptions, maybe even your rent if you work from home? Maybe I’m naive, but feels like there’s a nice pre-tax set of write offs.
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iSpeakNerd 🧙♂️
@ispeaknerd.eth
not exactly the same but @clauswilke wrote a tax guide for airdrops back in march, more geared to creators not channel/product founders but imagine there's overlap https://paragraph.xyz/@clauswilke/airdrop-tax
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Claus Wilke
@clauswilke
Not sure how relevant that article is. I don't remember what I wrote. But for sure if you're deriving an ongoing income stream from running a small app or similar then you should file that as self-employment and then you can deduct ongoing business expenses, including part of your home as home office. Not an expert though on this so don't want to go into specifics.
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iSpeakNerd 🧙♂️
@ispeaknerd.eth
NFA 🤣🤣🤣
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