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Content creators, learn which naics code to use for taxes We break down 519130 and other options for accurate filing. Learn what type of business is onlyfans for taxes, creator taxation and how it affects your income, deductions and liability. (naics stands for north american industry classification system.) when you do your taxes, you'll enter it in box b of your schedule c.

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The software should ask you if this was for a business, and/or do you want to make a schedule c

For the schedule c, don't enter an ein unless you have your own business registered with the irs You'll use business code 711510 for independent artists, writers, & performers For questions about your business Discover the principal business code for onlyfans creators and why it's crucial for taxes, deductions, and compliance.

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I'm not quite sure what code i should use for that?

This is where you determine your profit from the onlyfans You only pay taxes on profit, not gross revenue, so business expenses reduce your taxes This is where you compute the equivalent of social security and medicare taxes (fica) This is called self employment taxes (often just called se tax) and is in addition to income tax.

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