MicrostockGroup Sponsors


Author Topic: Adobe Stock 1099 forms are available  (Read 928 times)

0 Members and 1 Guest are viewing this topic.

« on: February 01, 2024, 12:26 »
+5
Hi everyone. As many of you know, Adobe has implemented the option to download 1099s as an eStatement. These are available to download now.

To view your 2023 1099, please click the below link or copy the link into your browser.  You will need your Tax Id or SS # and Adobe vendor #.

https://236230.invoiceinfo.com/get1099.html

In the blue box on the left-hand side, select Electronic 1099 Signup & Request.  Please follow the instruction on the page to download your 2023 1099.

You will also have the option to Opt-In for eStatements for future tax years. When you Opt-in, you will no longer receive a 1099 via USPS mail.

If you do not choose to opt-in, you will continue to receive your 1099 as a hard copy, sent via USPS mail.

Let me know if you have any questions.

Thank you,

Mat Hayward


wds

« Reply #1 on: February 02, 2024, 11:07 »
0
Mat,

Is the Adobe "vendor number" the same as our "Member ID" on our contributor account page?

Thanks

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #2 on: February 02, 2024, 12:16 »
+1
Mat,

Is the Adobe "vendor number" the same as our "Member ID" on our contributor account page?

Thanks

Mine was.  :)

« Reply #3 on: February 02, 2024, 12:48 »
0
"EIN/TIN/SSN does not match Vendor Number - Please Retry (0)."

Same as last year.
I guess I will never get that 1099 form.

wds

« Reply #4 on: February 02, 2024, 16:23 »
0
Was able to retrieve mine. Do we know how Adobe computes the number? Is it purely based on payouts in the calendar year of 2023?

« Reply #5 on: February 02, 2024, 17:31 »
+1
"EIN/TIN/SSN does not match Vendor Number - Please Retry (0)."

Same as last year.
I guess I will never get that 1099 form.

Yes, that's misleading. It's not Adobe's EIN. It is your Member ID number. You can find it at the bottom of your account detail page.

« Reply #6 on: February 02, 2024, 17:39 »
+1
One request, one hint for other contributors:

It would be really good if the link to obtain the 1099 were somewhere in the contributor interface - I looked for it after I saw Mat's post here, but couldn't find one. That interface should be contributor central (and I haven't seen any email about the 1099 either; I did check my spam folder)

If you have a 4-digit contributor number - I do as I joined Fotolia in 2005 - you have to put in a zero before it or the number won't be accepted. I had to figure that out for myself last year (never got a reply from the tax help query) and possibly I'm not the only fossil with such a small number.

« Reply #7 on: February 03, 2024, 08:25 »
0
No problem viewing mine, but why can't I download it? My only option is too take a screen shot for a copy.

wds

« Reply #8 on: February 04, 2024, 12:10 »
0
Seems the Adobestock 1099 values are based on $$$ of record at the end of each calendar month (summed to one yearly value) and not on how/when the contributor takes their payouts?

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #9 on: February 04, 2024, 12:20 »
0
Seems the Adobestock 1099 values are based on $$$ of record at the end of each calendar month (summed to one yearly value) and not on how/when the contributor takes their payouts?

That's the way I've understood it to be, for many years. I make a payout request around Dec. 26th each year, so the numbers are close, depending on which accounting method is used. I don't see earnings that I don't have as earnings.

What if someone doesn't make payout, for four years, like DT. Are they supposed to pay taxes on the earnings, that they might never receive?

I use the numbers of what any agency actually paid me, during the tax year.

But yes, it appears that Adobe counts earnings, not payments to the artist.

wds

« Reply #10 on: February 04, 2024, 13:51 »
0
Seems the Adobestock 1099 values are based on $$$ of record at the end of each calendar month (summed to one yearly value) and not on how/when the contributor takes their payouts?

That's the way I've understood it to be, for many years. I make a payout request around Dec. 26th each year, so the numbers are close, depending on which accounting method is used. I don't see earnings that I don't have as earnings.

What if someone doesn't make payout, for four years, like DT. Are they supposed to pay taxes on the earnings, that they might never receive?

I use the numbers of what any agency actually paid me, during the tax year.

But yes, it appears that Adobe counts earnings, not payments to the artist.

I think things would be more consistent if Adobe had fixed payout dates like some of the other major agencies and managed the 1099s in a way that the reported earnings on the 1099s match-up exactly with actual payouts for the year. Some of the other major agencies seem to do that and it all works out quite well....1099 numbers match actual payouts for the year.

« Reply #11 on: February 04, 2024, 15:59 »
+1
Seems the Adobestock 1099 values are based on $$$ of record at the end of each calendar month (summed to one yearly value) and not on how/when the contributor takes their payouts?

That is correct. The 1099 is based on royalties earned. The cash out amount is not relevant. If you were paid a royalty in 2023 but cashed it out in 2024 the earnings would reflect in your 2023 1099 and not 2024.

-Mat

wds

« Reply #12 on: February 04, 2024, 18:56 »
0
Thanks!

« Reply #13 on: February 05, 2024, 02:06 »
0
"EIN/TIN/SSN does not match Vendor Number - Please Retry (0)."

Same as last year.
I guess I will never get that 1099 form.

Yes, that's misleading. It's not Adobe's EIN. It is your Member ID number. You can find it at the bottom of your account detail page.

Yes, I entered the Member ID and I entered my TIN the same it is in my tax form submitted to Adobe, still get the error message.

« Reply #14 on: February 05, 2024, 09:00 »
+3
Seems the Adobestock 1099 values are based on $$$ of record at the end of each calendar month (summed to one yearly value) and not on how/when the contributor takes their payouts?

That is correct. The 1099 is based on royalties earned. The cash out amount is not relevant. If you were paid a royalty in 2023 but cashed it out in 2024 the earnings would reflect in your 2023 1099 and not 2024.

-Mat

This is why the 1099s are irrelevant to me.  I report my income on a cash basis and not accrual.


 

Related Topics

  Subject / Started by Replies Last post
65 Replies
38131 Views
Last post January 27, 2011, 14:28
by lisafx
13 Replies
7644 Views
Last post February 08, 2011, 01:01
by Anita Potter
0 Replies
1958 Views
Last post February 20, 2012, 11:46
by steheap
7 Replies
4649 Views
Last post February 20, 2019, 19:00
by Wandercat
24 Replies
7040 Views
Last post April 05, 2019, 01:16
by panicAttack

Sponsors

Mega Bundle of 5,900+ Professional Lightroom Presets

Microstock Poll Results

Sponsors