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SkyProductions
says

So I’m doing my taxes, do I get a 1099 or W-2 from Audiojungle?

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sevenspark
Moderator
says

Nope.

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SkyProductions
says

Can you tell me how am I suppose to report my income then? Is this a grey area?

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PhilLarson
says

Search the forums. There are quite a few threads. Here’s the most recent one:

http://audiojungle.net/forums/thread/american-authors-its-tax-season/84716
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sevenspark
Moderator
says

Just report your income based on your monthly withdrawals. For example, if you’re using PayPal, that makes things easy as you have a list of each monthly withdrawal. You don’t need anything special from Envato.

Also, Brandon has some good advice here.

Hope that helps :)

P.S. Of course you should consult a tax professional if you have any questions on specifics. I don’t think either Phil or I are CPAs ;)

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jashsayani
says

Envato is based outside the US so they are not required to send you a 1099 form. The W2 is only for employees so its not applicable.

However, you are required to report your earnings user form Schedule C – as sole proprietorship income. IRS does monitor PayPal accounts as they can be associated with SSN now.

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