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Please note: The IRS delayed the reporting requirement for sellers who made over $600 in 2022 – you can read their announcement here. The prior federal threshold of $20,000 in sales and more than 200 transactions remains in place for the 2022 tax year. The information below pertains to the new requirements that are in effect as of January 1, 2023. |
Marketplace sellers on Bandcamp who make over $600 USD in a given tax year from sales on Bandcamp will be issued a 1099-K form by January 31st. Please note the tax form you receive will reference Epic Games, Inc., Bandcamp's parent company.
You can expect to receive your 1099-K form via email as well as delivered to your physical address. Both will be sent out by January 31st.
What if I ran a Subscription service through Bandcamp?
For US sellers who run a Subscription service that collected over $600 USD, expect to receive a separate 1099-K form through Stripe, our payments processor.
Where can I find advice about how this applies to my tax situation?
For specific guidance on your individual tax situation, please contact a tax professional. We are unable to advise on specific tax situations.
I received an additional 1099-K from PayPal, will I be taxed twice?
Your Bandcamp earnings should not be subject to double taxation.
Ultimately, it is up to you what you should include on your tax returns. In the event you receive a 1099 from two different sources covering the same income, you are only obligated to report the income once on your tax return.
If you’ve made additional sales directly to your PayPal account outside of transactions processed by Bandcamp, these may be reported as additional income through a separate 1099-K form issued by PayPal.
Please speak to a tax professional for further information.
I’m not located in the US, should I still receive a 1099-k form?
No, if your tax information is verified outside of the United States, then you would not receive a 1099-k.
I’ve identified an issue with my 1099-K form. What should I do?
If you have a question about the gross amount calculation shown on your form, or if you would like to provide an updated physical address, please contact us here. Although we are unable to provide specific tax advice, we may clarify details if needed.
Please note that Bandcamp cannot make changes to a seller’s verified entity (company or individual) retroactively. The PAYEE’S name on your 1099-K must match the taxable entity provided during tax verification.