Sorry if this has been covered already… I got my 1099 today and my “Royalties” for 2016 are higher than my “earnings”… by exactly the buyer fee. I hadn’t realized that they would report using the gross sales, but they had it in writing all along:
Can someone explain this better to me? Why do they report your earnings based on gross and not net, making you pay taxes on income you did not receive?
Is there a way to deduct the buyer fee when paying your taxes?