My dogs featured in a viral YouTube video and generated some income. I asked my CPA if I could deduct my dog food expenses. He said no. But I mean, if those dogs don't eat, they don't keep generating viral content!
huh! i'm in no way a CPA, yet my understanding from just occasional reading of the 1040 instructions is that in US you can deduct hobby expenses from that hobby income, it is just that the expenses can't be more than that income (for the expenses to be more than income it should be a "business", not a hobby. I personally find it pretty funny, something like a joke Q:"guess what is the difference between hobby and business?" A:"if you lose money than it is a business, if you make the money - it is a hobby!")
