Hi folks, there are tournaments in Fortnite where you can win millions of dollars you think you have to pay tax on the profit if so how does that work?

Question

Mu

Muddled

5 years ago

7

There are tournaments in Fortnite where you can win millions of dollars you think you have to pay tax on the profit if so how does that work?

Foolish150 · Answer 1 · 2019-07-14T19:37:39+00:00

Haha, yes, and the tax office is approaching you.

Muddled · Answer 2 · 2019-07-14T19:39:17+00:00

Honestly and how do you tax that?

Muddled · Answer 3 · 2019-07-14T19:39:46+00:00

Who give it or how?

Lorelei · Answer 4 · 2019-07-14T19:40:21+00:00

You do not have to pay taxes

Foolish150 · Answer 5 · 2019-07-14T19:43:46+00:00

You are a student? But actually no matter, if you exceed a certain sum of money you have to make a tax return. Half a million is gone.

Muddled · Answer 6 · 2019-07-14T20:50:44+00:00

Have just looked at the Internet so profits do not have to pay tax, just like the casino

Foolish150 · Answer 7 · 2019-07-14T22:23:45+00:00

Yes, but it is not a lottery or casino, so no gambling. You win in a competition and get a prize money. But I'm not a taxman.