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R
randellion77
January 19, 2025
Question

Amazon Vine

  • January 19, 2025
  • 1 reply
  • 0 views

Another Vine approach:

I own a rental property- 20 acres with cottage.

The Vine items I review are tested at that site:  solar items, batteries, garden care, etc.

I'm thinking the value of the Vine items (say $1000) can be combined with my tenant income.

Then, I can claim the $1000 of Vine items as Expenses to offset the income.

Bottom line, they cancel out within the scope of the Rental Property.

Sound reasonable?

    1 reply

    B
    Bsch4477
    Employee
    January 19, 2025

    Following 

    R
    randellion77Author
    January 20, 2025

    Thought I'd follow up with a couple analogies:

    Farmer with 20-acre field buys seeds (corn), an expense.

    Corn crop on 20 acres yields several bushels of corn in harvest sold at market; the income.

     

    Chrysler operates and maintains a 2000-acre Nevada test track costing $100,000 per month; an expense.

    Chrysler tests some new prototypes for GM exclusively for one month.  For $100,000 income.

     

    Vine reviewer subjects garden and camping products to rustic, woodsy conditions in a 20-acre rural setting.  an expense.  

    Vine reviewer retains the value of the items tested as compensation; the income.

     

     

     

     

     

     

    Somewhat

    R
    randellion77Author
    January 20, 2025

    Oh, and Chrysler didn't take $100,000 cash, but instead the equivalent value of GM vehicles that were tested on the track (i.e. income). They'll probably take them back to the shop to reverse engineer them.

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