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woahitsq
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Starting an onlyfans and know nothing about how taxes work

Hello, I am starting an onlyfans to post some sfw content, and I really have no idea how the taxes are going to work. I know that they will send me a 1099, if I recall correctly, at the start of the year. I've also heard that there is a quarterly 1099-es or se that I also have to deal with. How would I get about paying these and when do I? Could I just input everything into turbotax and have it do it for me? If there are some posts or other online resources that could educate me on this I would greatly appreciate it! Thank you.

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2 Replies

Starting an onlyfans and know nothing about how taxes work

You will be self employed and subject to ordinary income tax and self employment tax. This source contains information for your education. 

https://www.irs.gov/newsroom/irs-offers-small-businesses-a-one-stop-resource-center-for-help-prepari...

Starting an onlyfans and know nothing about how taxes work

You will be self employed and subject to ordinary income tax and self employment tax. This source contains information for your education. 

https://www.irs.gov/newsroom/irs-offers-small-businesses-a-one-stop-resource-center-for-help-prepari...

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