Taxes on FC Money

[SurveyMack10]

I'm a college student, I'm only 19 and I've never had a job job where I have to file taxes. Do I legally have to do anything like that when I cash out on FC?

[janell07]

Only if you reach $600 in a year.  It really depends on how much you make.  FC will send you something if you make at least $600 in a year.

[SurveyMack10]

Oh ok that makes sense!! Thanks very much just making sure im legal haha

[mx3madman]

Yea, the site will send you information regarding taxes if you achieve the $600.00 in a year.

[plaguezombie]

Yeah bud, don't worry! You're in the clear, so keep at it! As previously noted, the limit is 600 bucks.

[anubabs]

thanks guys for this, very helpful.

[Linda67]

That $600 limit isn't when it becomes taxable, it's when FC needs to send you a 1099 misc.  This is all earned income so it's taxable from the 1st $1 actually.

[Keis]

That was a very good question. Im glad you asked!

[Oryon20]

As has been stated by the Admin many times, everyone's tax situation is different.  You should consult a tax expert about your own situation and how income on here effects you.

But, as has been stated, you will receive a 1099 from FusionCash if you make $600 or more a year.  This is required by law.

[SurveyMack10]

If I had seen the Admin post that I wouldn't have asked, obviously I missed that thread.

[velvet53]

Even if you did get a 1099 from FC, with you being a student it probably would not affect you.

[SurveyMack10]

Thanks very much! I would hate to get in trouble haha.

[sammywantsya]

you will not need to get a tax in FC lol. but if you want to get a job you can do so

[SurveyMack10]

I don't understand what you mean?

[eaustin92]

I am happy that this question was asked ive never really thought of that. thank you!