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The hockey stick is steep But i appreciate everyone's advice and kind words. My best month got me to 1.4% ranking but that was a modest $8,582 of revenue
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I don’t run one, but i’ve spoken to several people on here that stated depending on what you offer and how popular you are, it’s 10’s of thousands to 100’s of thousands My appearance is one of the reasons i'm insecure, and i do not need that sort of advice Unless there are only two partners who are spouses, the partnership has to file a separate form 1065 partnership tax return that lists all the income and expenses of the partnership
Opus 17 level 15 @rr08 wrote
I only made a total of maybe 150 on onlyfans for the year do i still file for taxes If that is your only income, no, it is below the filing threshold If you file a return for other reasons, you must include all your income february 12, 2021 10:32 am
Are most women on onlyfans making decent money (enough to use it as primary source of income) or is it just the few “elites” If you aren’t making that money do you think of was worth doing or wish you hadn’t? If you file a tax return, you are required to report all income whether you receive a form or not You would report the gross earnings on your schedule c
You would then report your expenses
The cut that of takes is an expense to you You may have other expenses, as well. Onlyfans and fansly is my only source of income How do you show proof of income, such as pay stubs
When going to finance a car for example I tried bank statements which show how much income came into my account each month but they won't accept that. I know i will have to fill out a 1099 form as well but will that appear on the screen when filling out the form online I also heard i can make payments quarterly
If you set up only fans to flow through the scorp, the cpa that's filing your 1040 will only need the k1 and w2 for your scorp (which will not show where the income came from).
I'm not going to make an only fans It's been made very clear that the effort wouldn't be worth the pay I'm not conventionally attractive, so please no more dms offering to rate me
