Assignment Fee - Tax Question

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



Thanks,



Scott D. Overbeck

Comments(2)

  • NewKidInTown320th December, 2006

    As a general rule, YES to both questions.

  • LeaseOptionKing20th December, 2006

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

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