Which tax form will I receive at tax time?
On a annual basis, we will send you either a 1099 or 1042 tax form if you’ve been paid at least $10 in royalties over the tax year. These forms are sent out via mail, so it's very important that the mailing address on your submitted tax form is accurate and up to date. If you don't receive your tax form in the mail, let us know and we will be able to send the form to you digitally.
- 1099: For US citizens and companies
- Sent out via mail on or before January 31st detailing royalties earned for the prior tax year.
- 1042: Non US citizens and companies
- Sent out via mail on or before March 15th detailing royalties earned for the prior tax year.
Why don’t the royalties on my sales dashboard match my tax form?
The amount displayed on your tax form is your gross income for the tax year. This is the total revenue received over the course of the tax year before any deductions for transaction fees are made. The sales dashboard reflects royalties earned within the sales range selected. The amount differs as royalties are typically paid the following month they are earned.
Example: Royalties earned for the month of December 2023 would be paid at the end of January 2024.