• When you have enough followers or subscribers to start making consistent income.
• When your affiliate income or ad revenue is more than a few grand a month.
• Anytime you win a tournament that is at least Tier 2.

Yes, all income, including tournament winnings and sponsorships, are taxable. Whether you’re a full-time professional or a casual player, you must report all earnings on your tax return.

If you earn income in different states, you may need to file separate tax returns for each state depending on their respective regulations. This can be complex, so it is advisable to work with a tax professional who can ensure compliance and avoid double taxation.

International winnings can be subject to tax both in the country where you won the prize and in your home country. It’s important to understand tax treaties and avoid double taxation by claiming foreign tax credits where applicable.

Gaming PCs and equipment, travel expenses to tournaments or business-related events and conferences, software expenses, camera equipment, home office expenses, internet, and many others!

If you’re selling merchandise or digital products, you may need to register for sales tax in the states where your customers are located. Sales tax requirements vary by state, so it’s essential to consult with a professional or use sales tax software to stay compliant.