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Originally Posted by
Really Clark?
Well you can't tax the scholarship that way opens up taxing all scholarships. But the other part of NIL that I don't think the player / families consider (depending if they are still claimed as a dependent or not) is it can directly effect their FASFA grant and aid. That's income that has to be reported to FASFA as well.
You know the majority ain't reporting that income. This is gonna be a mess for some of these kids.
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Originally Posted by
Commercecomet24
You know the majority ain't reporting that income. This is gonna be a mess for some of these kids.
Businesses that support a NIL player is going to have that marketing expenditure on their books, so.... the IRS knows the money was paid to such player.
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