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New Member
posted Aug 16, 2021 7:51:58 PM

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
Level 15
Aug 16, 2021 8:52:43 PM

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-preparing-filing-and-paying-taxes

Level 15
Aug 16, 2021 8:53:51 PM

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-preparing-filing-and-paying-taxes