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Discussion Boards => Payments => Topic started by: Arrielle03 on February 17, 2017, 11:54:00 pm

Title: Is this money taxed?
Post by: Arrielle03 on February 17, 2017, 11:54:00 pm

Hi all!
Just signed up...was wondering before I go too deep....do you have to claim this on your taxes or how does that work?

Title: Re: Is this money taxed?
Post by: berthabutt on February 18, 2017, 03:27:31 am

Hi and welcome to FusionCash!   You only have to claim income on your taxes if you make over $600 in a Calender  Year at a single site.

Title: Re: Is this money taxed?
Post by: ladavia89 on February 20, 2017, 09:56:57 am

You're suppose to claim all income regardless of the source and amount. The site just isn't required to send your a 1099 unless you receive over $600

Title: Re: Is this money taxed?
Post by: southernhorizons on February 20, 2017, 10:09:14 am

Quote from: ladavia89 on February 20, 2017, 09:56:57 am

You're suppose to claim all income regardless of the source and amount. The site just isn't required to send your a 1099 unless you receive over $600

There probably aren't too many people who actually report this income if they don't make enough to get a 1099.

Title: Re: Is this money taxed?
Post by: sherryfan on February 22, 2017, 05:10:08 pm

Over $600 need to be taxed

Title: Re: Is this money taxed?
Post by: heypeg on February 22, 2017, 05:29:06 pm

Not sure if you do or not.

Title: Re: Is this money taxed?
Post by: hkckk5 on February 23, 2017, 06:57:11 pm

When I joined I remember reading something about if you make 600.00 or more you must file on your taxes. Fusioncash will send you the tax form you need. I don't even get close to earning that much.

Title: Re: Is this money taxed?
Post by: elvisdo on February 24, 2017, 07:55:05 am

My accountant informed me one time that what I make on here isn't even enough to make a dent for income tax purposes.