Scholarship is tax free. NIL $ is taxed as regular income.

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Aug 11, 2022
8:42:43am

flyzag All-American

Scholarship is tax free. NIL $ is taxed as regular income.

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flyzag

Bio page: flyzag
Joined: Nov 15, 2010
Last login: May 17, 2024
Total posts: 5,060 (0 FO)

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Messages

Author

Time

Does a D1 scholarship mean anything with NIL? For some players a scholarship complicates things. Just take the NIL $$$.

RealityCheck All-American

8/11/22 8:40am

Scholarship is tax free. NIL $ is taxed as regular income.

flyzag

8/11/22 8:42am

They should be able to write that off as a business expense. lol.

8/11/22 8:44am

RE: They should be able to write that off as a business expense. lol.

DirtyWater

8/11/22 8:45am

Unrestricted NIL could very well make scholarship limits irrelevant.

shoganai

8/11/22 8:44am

Oh, they've all realized it.

DirtyWater

8/11/22 8:45am

<< Deleted >>

Joe Banks

8/11/22 8:47am

<< Deleted >>

Joe Banks

8/11/22 8:47am

How does a scholarship complicate things?

TheLost

8/11/22 8:47am

NCAA rules limit things scholarship athletes can do/receive

BYUMizzou

8/11/22 8:52am

Like?

TheLost

8/11/22 8:57am

A scholarship to Alabama is worth over $300k..

TheLost

8/11/22 9:27am

A scholarship athlete is limited in what they can earn from outside sources

BYUMizzou

8/11/22 9:50am

Honest question... can you show me that rule?

TheLost

8/11/22 10:00am

<< Deleted >>

Joe Banks

8/11/22 8:48am

NIL is why the IRS is hiring 87k new agents

CaliWG

8/11/22 9:23am

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