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re: Anyone know the TAX of NIL
Posted on 2/4/22 at 12:12 am to dwright369
Posted on 2/4/22 at 12:12 am to dwright369
quote:
They will be taxed as independent contractors receiving 1099s
yep. Immediately make sure that 40% of that goes somewhere safe. When the tax man comes around looking for his cut, 33-38% better be there or you're gonna have to pay more in penalties.
Posted on 2/4/22 at 8:24 am to LSUSkip
Exactly right
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