5. What is referral income, tax-wise?

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Referral rewards are taxable income.

What to know:

  • If you earn $600 or more in a calendar year, we may request a W-9 and issue a 1099 (NEC/MISC)
  • Even under $600, the IRS generally requires you to report the income
  • How you report depends on your situation (business income vs. other income)

This is general information, not tax advice. Please consult your CPA or tax advisor for your specific situation.

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