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Do I properly file my taxes when I had a full time job year round, but an onlyfans for 2 months?

All of 2020 I held a full time job which was my main source of income. I made about 20,000 in gross income. I have a w-2 for that. I’m a student I’m not a dependent I’m not sure if that matter anyway. Towards the end of the year I had an Onlyfans and made about 1,600 in gross income. I received a W-9 for that and I’m aware that I have to pay self employed taxes on that (on top of regular taxes) or something like that. 
The problem is I have no idea how to file my taxes that is the only question I have is what package do I buy or can I use the free one. Am I really considered self employed in general when my primary income was not self employed? 
I just want to know which package to buy that’s my only question. At this point I really don’t care about write offs anymore I just want to get it over to it.

To anyone reading this if you’re thinking of starting an onlyfans please don’t. I mean you already heard of the reasons why you shouldn’t from certain people but when tax season comes you will regret it. They didn’t send me my W-9 form. When I emailed me about it they just claimed that they must have and so fortunately I was able to look around my account and download it off my profile before it was permanently deleted since I was already in the process of closing it. Just everything about that site is horrible lol.

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3 Replies
ErnieS0
Expert Alumni

Do I properly file my taxes when I had a full time job year round, but an onlyfans for 2 months?

Yes. You are considered self-employed if no taxes were withheld. You can use TurboTax Online Self-Employed or TurboTax CD\Desktop Home & Business to file your taxes.

 

You are considered to have operated a business versus receiving royalties because you actively created content to earn money. That makes you self-employed. You can claim deductions—for example, Internet and/or cell phone charges, the cost of the laptop and any other ordinary and necessary business expenses.

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Do I properly file my taxes when I had a full time job year round, but an onlyfans for 2 months?

I have been doing my taxes on turbo tax for a couple years now. This year I did only fans for a couple months from June of 2021 to August 2021 and made $598 during that time. I worked two different places this year so I will getting W2s and I am wanting continue to do my taxes on Turbo Tax and just wondering how to do Only Fans on here? Can someone explain to me how I would put Only fans on my taxes for Turbo Tax?

MarilynG1
Expert Alumni

Do I properly file my taxes when I had a full time job year round, but an onlyfans for 2 months?

You would report your Only Fans income as Self-Employment Income, and you can deduct expenses against this income (internet, cell phone, for instance).

 

Open your return and type Schedule C in the Search box. Select the Jump to link. This will take you to where you can enter any cash, personal checks, credit card payments, or cryptocurrency related to your self-employment.

 

You may first be asked some general questions about your business. After you answer them, you’ll be taken to the Let's enter the income for your work screen. Select Other self-employed income and provide all necessary information.

 

Click this link for more info on Reporting Self Employment Income

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