NIL and Taxes

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NIL and Taxes

BostonCard
24th year senior

Posts: 30,062
Threads: 2,135
Joined: Dec 2013

08-06-2024, 02:10 PM

IRS considers NIL income to be taxable.

https://www.taxpayeradvocate.irs.gov/new...e%20income.

Also, the IRS does not consider donations to a collective to be tax deductible.

https://apnews.com/article/nil-athlete-e...8196fd2c8c

I'll bet dollars to donuts that there will be much litigation.

BC

BostonCard

08-06-2024, 02:10 PM

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Messages In This Thread

NIL and Taxes - by dabigv13 - 06-09-2024, 08:01 PM

RE: NIL and Taxes - by bbm233 - 06-10-2024, 08:26 AM

RE: NIL and Taxes - by jacket3ree - 06-10-2024, 05:26 PM

RE: NIL and Taxes - by Beeg_Dawg - 08-14-2024, 01:50 PM

RE: NIL and Taxes - by Mick - 08-14-2024, 02:57 PM

RE: NIL and Taxes - by M T - 08-06-2024, 01:56 AM

RE: NIL and Taxes - by jonnyss - 08-14-2024, 06:37 PM

RE: NIL and Taxes - by Mick - 08-06-2024, 06:17 AM

RE: NIL and Taxes - by BostonCard - 08-06-2024, 02:10 PM

RE: NIL and Taxes - by GK3 - 08-12-2024, 08:44 AM

RE: NIL and Taxes - by SkiBum80 - 08-12-2024, 12:12 PM

RE: NIL and Taxes - by chrisk - 08-07-2024, 04:23 PM