Your 1099 will show your Gross Revenue Share Payments, which may include fees. Your net payout is the total amount we paid you. You may want to consult a tax advisor to see if you can deduct the fees from your gross taxable income.
Example:
On March 15, you receive $350 in Revenue Share
- $600 Gross Revenue Share
- Less $175 Annual Fee
- Less $5.1 Processing Fee
- $419.90 Net Payout
How it's Reported:
- Your 1099 will reflect the Gross Revenue Share - $600
- Consult your tax advisor - you may be able to deduct the Annual Fee and Processing Fee
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