You know your business best. That’s why Soundrop allows you to report your taxes in the way that makes the most sense for your career.
We recognize that when you make a withdrawal on music earnings there may be multiple rights holders (a label, other band members, etc.) to whom you distribute royalties. It’s not up to us to determine what portion of your withdrawals you report individually as income, and therefore will not be issuing any tax documents (ie 1099 forms).
It’s up to you (along with any tax professionals you consult with).
That being said, we want to stress that it’s still important for you to accurately claim your income. To view your 2017 withdrawals:
- Log into your Soundrop Account(s)
- Click on "Transactions"
- Add up all transactions marked as "Payment", and that's your income from Soundrop for 2017!
- If you used Loudr previously:
- Log into your Loudr artist account/s
- Click the WITHDRAW button
- Click “Show Transactions”
- Scroll through your withdrawal history for 2017 and look for the amounts marked "Completed" in red.
- Add that to your Soundrop totals and that’s your total income for 2017.
We hope your tax filing goes nice and easy, and we wish you many good things for your music in 2018!