Hi there,
Thank you all for taking the time to answer these questions!
I have a bit of a complex situation. During 2021, I had quit a few major life changes.
- 1) I was on unemployment
- 2)I got off unemployment because I finally got a new full time job. However, this new job is in a different state from mine, so I have been working remotely. (I am in Maryland and my job is in Oregon) So I am not sure how to proceed with my taxes in that regard. I filled out Maryland tax forms for this job.
- I started a small business that has slowly progressed.
- This is the biggest change: I won a competition that paid my $100,000 dollars of my student loans. The money was not directly given to me. They were directly paid to my loan provider. They also gave me a check for 20% of what they paid to contribute to the taxes. 1) How do I determine the taxes I owe for this competition if the money was not directly given to me? Do I report this as income? How do I report it? 2) Since they directly gave me a check for the money, am I supposed to report that and does that become taxed too? I have not received a 1099 from them.
I am just wondering how do I go about all of these new changes when filing?
Thank you
Alexis
