Listen up, r/tax! Iβm DONE answering βHow do I report OnlyFans income?!β for the 500th time. π© Itβs 1099-NEC, Schedule C, self-employment taxβGoogle it or hire a CPA! π§ΎπΌ
Stop sending us your W-9 panic. weβre not TurboTax. π
Next person who asks gets blocked. π¨
Go read IRS Pub 535 or touch grass. πΏ
TL;DR: Figure it out yourselves. π
Done with onlyfans tax questions ππ΅
byu/Specific-Sort3211 intax
Posted by Specific-Sort3211
7 Comments
They can’t touch grass. They are too busy touching themselves rofl.
if you’re earning from onlyfans, it’s self-employment income. 1099-nec, schedule c, pay estimated taxes quarterly. check out irs publications for details or consult a cpa. pretty straightforward.
But her parents can’t ever know and they might accidentally claim her as a dependent even though she made $300,000 last year from her best guy friend answering direct messages as though he was her.
One of my dogs is opening an OnlyPaws account. Iβm printing this out for him.
But my circumstances are unique.
What if I’m making money from NOFANS? How do I report that?
So, how do you claim your losses on Onlyfans? Asking for a friend
How is this any different than any of the hundred other repeat posts about SE income?