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blacklace(Newbie)Newbie
26 Oct 2021

trying to figure out how to claim my earnings from onlyfans correctly with limited help from the ATO

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941 views
1 replies

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Most helpful replyATO Certified Response

BlakeATO(Community Support)Community Support
ATO Certified Response26 Oct 2021

Hi @blacklace


As an OnlyFans creator, you'll need to decide if you're running it as a business or not.


If you're running it as a business, you'll report your income and your expenses under Business Income or Loss.


Here's how to open this section in myTax:

  • On page 3: personalise return, select You were a sole trader or had business income or losses, partnership or trust distributions (not from a managed fund)
  • Select Business/Sole trader income or loss
  • Select Business income or loss
  • Then go to page 4: prepare return.
  • Select Add/Edit next to Business/sole trader, partnership and trust income (including loss details).


If you're not running it as a business, you'll still need to declare that income, just as Other Income and Other Deductions.


You can read about working out if you are in business and completing myTax 2021 Business Income or Loss on our website.

All replies

Most helpful replyATO Certified Response

BlakeATO(Community Support)Community Support
ATO Certified Response26 Oct 2021

Hi @blacklace


As an OnlyFans creator, you'll need to decide if you're running it as a business or not.


If you're running it as a business, you'll report your income and your expenses under Business Income or Loss.


Here's how to open this section in myTax:

  • On page 3: personalise return, select You were a sole trader or had business income or losses, partnership or trust distributions (not from a managed fund)
  • Select Business/Sole trader income or loss
  • Select Business income or loss
  • Then go to page 4: prepare return.
  • Select Add/Edit next to Business/sole trader, partnership and trust income (including loss details).


If you're not running it as a business, you'll still need to declare that income, just as Other Income and Other Deductions.


You can read about working out if you are in business and completing myTax 2021 Business Income or Loss on our website.

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