Do I need to pay tax on ClipperCircle payouts?
Short answer
Payouts are income, so they may be taxable depending on your situation. Pomera doesn’t give tax advice; check with a tax professional.
How your earnings are taxed depends on your total income, how you file and other factors that only you and an adviser can assess.
Your monthly earnings statements list every paid payout with its amount and reference, which makes record-keeping easier.