Hi. I need more clarification regarding declaring income. Let's say I am a beauty influencer, and a brand reaches out to pay me $xxxx to promote their product. As such, the form of payment for the promotion of their product is monetary.
However, it is also necessary that they send me the product, as it is obviously needed to actually review and thus provide the service. As such, is it correct to assume that I just need to declare the monetary payment as my income? As it would not make sense to also declare the products themselves, as it was not "gifted" as the form of payment; rather, it was given as it is necessary in order to provide the service of promotion itself. Without it, you obviously can't promote it.
Could you please confirm whether this understanding is correct? Thank you.