Great question. If you are selling and/or licensing numbers through the NumberBarn Number Marketplace, you will likely want to report that income when filing your taxes.
Will I receive a 1099 form?
Currently, NumberBarn does not send a 1099 form. If you receive more than $20,000 per year in payouts, PayPal will send you a 1099 form.
Without overcomplicating this, 1099 forms are typically sent when services are rendered, and selling numbers through our marketplace does not qualify as a service but as goods sold.
Where can I get a record of my number sales?
As a vendor, you have access to a Vendor Dashboard to review all of your selling history. The following article will guide you to the right place.
Looking for a W9 form? Check out this article: