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Discussion Boards => Off-Topic => Topic started by: klutzycutie on August 25, 2009, 11:37:42 am

Title: how much do we get bak in cashing out??
Post by: klutzycutie on August 25, 2009, 11:37:42 am

ok im not quite there yet but

say once u reach $25

in that 25 how much do u get bak??

is there any taxes taken out and do have to file for taxes from that??

Title: Re: how much do we get bak in cashing out??
Post by: aimeerose00 on August 25, 2009, 11:40:39 am

No taxes! If you cash out at $25, you receive $25.

Title: Re: how much do we get bak in cashing out??
Post by: bjdeliduka on August 25, 2009, 12:55:33 pm

I believe the IRS's opinion is this is "other taxable income"  just like garage sales, and gas money from your friends if ya carpool...

however... assuming the number is under $500 annually nothing legally needs to be reported (no 1099 er nothing)
and well...

no worries...
(my $.015.... and I'm a geek not an accountant... ;)

Title: Re: how much do we get bak in cashing out??
Post by: oldbuddy on August 25, 2009, 02:01:44 pm

My 15 cents has added up to $275 with referral bonuses included this time.