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You should report the gross income, not the net income

The gross income will match a 1099, and will help avoid a tax notice Report the expenses to get down to the net income separately Would hate for op to receive a letter from the irs at her house saying something like we think you forgot to include some onlyfans income on your tax return. Learn how to access your onlyfans 1099, understand tax deductions, and file your taxes efficiently as a content creator.

Learn how to report onlyfans income correctly Reporting onlyfans income how to report your earnings when filing taxes Forms you need schedule c (form 1040) Report your business income and expenses

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Your profit or loss from onlyfans goes here

Step by step process gather records 1099 form, income statements, expense receipts complete schedule c. Does onlyfans send you a 1099 Learn when to expect this tax form, how to report your earnings, and tips for managing taxes as a creator.

Once you have the form, you will need to fill it out and submit it to the irs

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