Paying Taxes on My adobe stock content

Report · Jan 27, 2019

I'm trying to find out if I HAVE to pa taxes on the few images that were sold on Adobe Stock or not. I haven't even received the money because I'm still under the $50 benchmark to be able to retrieve it from Adobe. I received a 1099 form from fotilia and don't know if I can ignore it because I haven't actually received any money from Adobe yet OR if I have to pay taxes on money i have not actually received yet lol.

Thank for answer my stupid question in advance.

Report · Apr 19, 2019

1099 forms were mailed via USPS in January. To obtain a new copy you must email our tax team via adobetax@adobe.com. Royalties are considered taxable income regardless of if you cashed out or not. If you earned the credits in 2018 but cashed them out in 2019 you will be required to claim the earnings in your 2018 income and not 2019.

-Mat Hayward