Esports and pro gamers tax write-offs
Varies
What Can Esports and Pro Gamers Write Off?
Short answer: The biggest write-offs for esports and pro gamers are gaming PC, peripherals, tournament fees, and travel.
Report income and expenses on Schedule C. Profit is hit with 15.3% self-employment tax plus income tax, so set aside 25-30% and pay quarterly estimates.
Records to keep: Keep receipts, 1099s and platform tax summaries, a mileage log, and a note of the business purpose.
Esports and pro gamers tax write-offs
Varies
Content Creators / Influencers / Streamers
The biggest write-offs for esports and pro gamers are gaming PC, peripherals, tournament fees, and travel.
Business justification
The biggest write-offs for esports and pro gamers are gaming PC, peripherals, tournament fees, and travel. Report income and expenses on Schedule C. Profit is hit with 15.3% self-employment tax plus income tax, so set aside 25-30% and pay quarterly estimates.
Category
- Write-Offs by Profession