Sabscom
Level 1

Do twitch streamers or OnlyFans performers qualify as "Qualified Performing Artist"? 

 - for business expenses on form 2106 purposes - 

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IRonMaN
Level 15

You have a different client base than I do, but are they actually paid on a W-2 instead of a 1099?


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Terry53029
Level 15
Level 15

I thought both groups got paid on a 1099NEC.  See link,

https://www.law.cornell.edu/definitions/uscode.php?width=840&height=800&iframe=true&def_id=26-USC-19...

The definition In general For purposes of subsection (a)(2)(B), the term “qualified performing artist” means, with respect to any taxable year, any individual if— (A) such individual performed services in the performing arts as an employee during the taxable year for at least 2 employers,

 

George4Tacks
Level 15

I would assume that the question might be what they can deduct on Schedule C. Ordinary and necessary expenses. https://www.law.cornell.edu/uscode/text/26/162

 


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