Taxes...

[Epic]

Would I have to pay taxes if my paypal account was just kinda a temporary holder of money? Like people send money to me and then there's a random winner and then I give that person the money? Obviously if I kept a percentage of the cash I'd have to pay taxes on that but what about the rest of it?

 

[primacomputer]

That depends on so many things, and you're asking the wrong question anyway. But the answer is basically yes, you would have to declare the income.

 

[Zeeble]

Would I have to pay taxes if my paypal account was just kinda a temporary holder of money? Like people send money to me and then there's a random winner and then I give that person the money? Obviously if I kept a percentage of the cash I'd have to pay taxes on that but what about the rest of it?

My advice is this:

Don't start. Your talking about more than just taxes here. You need gaming licenses for things like that.

 

[Element]

Yes I agree, I wouldnt do it.