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Pay taxes when making money from a instagram account?

Discussion in 'BlackHat Lounge' started by Battleaxewarriors, Feb 16, 2014.

  1. Battleaxewarriors

    Battleaxewarriors BANNED BANNED

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    Hello so let me make up a scenario for you guys.

    "I got three accounts on Instagram, they all got over 100,000 followers and i'd be making around 50-100 USD per day, i'm located in Sweden but lets say im under eighteen years old, the money i make is just from selling shoutouts so lets say that the money are gifts from people since i am not selling an item, and this is a hobby not a job."

    Would i need to pay taxes for this?
     
  2. deane877

    deane877 Newbie

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    I am no legal expert but i think you would have to pay takes. I did when i made a lot of money on Youtube.
     
  3. Battleaxewarriors

    Battleaxewarriors BANNED BANNED

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    Yes because of AdSense.
    But im just talking about Instagram shoutouts aswell as private advertisements haha.
     
  4. jimmylegs

    jimmylegs Senior Member

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    Claim it under income tax but minors get tax returns back at end of year greater than adults. You can't claim that 2 unique people or more a day are giving you gifts.
     
  5. Oukast

    Oukast Senior Member

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    Yes, you should. Doesn't matter if you personally regard it as "hobby", not a "job", it's income nonetheless.