Assignment Fee - Tax Question

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How is an assignment fee taxed? Is it regular income? Also subject to self-employment taxes?

Thanks,

Scott D. Overbeck

Comments(0)

  • NewKidInTown320th December, 2006
    0
    Reply

    As a general rule, YES to both questions.

  • LeaseOptionKing20th December, 2006
    0
    Reply

    Unless you are an S corp (in which case you can avoid SE tax on all but your salary).
    [addsig]

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