Tax Deductions For PPC Income...help please

[nstalk]

Please help me to understand this....

I assume I can deduct the registration fees on my tax return for all names I have listed with a PPC company even tho many of them are not earning income.

I also assume I can deduct the yearly renewal fees for all domains listed with PPC companies even if all of them don't receive income.

In other words, if I have just a few domains earning money can I deduct the expenses of the complete list on my return or must I just deduct the expenses of the ones making money?

I think the schedule C form is the correct one to use to report PPC income and expenses on the 1040 return....am I right....is that what everybody uses? I would appreciate any answers you have for these questions....thanks

 

[Keral_Patel]

I think you can deduct the reg fees of all the domains that you own. Because you might have taken them for earning more money and business development is not a crime

You can also deduct hosting fees.

You can also deduct the computer and internet bills. Hardware upgrades, software purchases and even money that has been spent on the development of that sites or used to get the content written for those websites.

Don't know what are the rules in your country but atleast there is one global rule that expenses does gets deducted out of gross income.

Thanks.

 

[happyhappy]

Best would be to talk to a CPA get ideas from here and direct them to the CPA