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Taxes from app profits?

02-14-2010, 03:57 PM
#1
Joined: Mar 2009
Posts: 2,354
Taxes from app profits?

Ok so we all had to fill out a w-9 to become an app developer. So now I have to claim my income over the last year (as minimal as it was). I usually use Turbo Tax. Does anyone know what form or preferably section in Turbo Tax to claim this additional income? Some say royalties but others say commission based. I just want to press the easy button here.

Thanks for your response!

Last edited by iPhoneGlobs; 02-14-2010 at 11:45 PM.
02-14-2010, 05:03 PM
#2
Joined: Jul 2009
Posts: 317
This will be my first year filing taxes with my app income and I will probably go talk to someone about it. But from what I have been reading it is filed as self employment income if you are registered with Apple as an individual.
02-14-2010, 05:19 PM
#3
Joined: Nov 2008
Location: Munich, Germany
Posts: 754
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Quote:
Originally Posted by lukeca View Post
This will be my first year filing taxes with my app income and I will probably go talk to someone about it. But from what I have been reading it is filed as self employment income if you are registered with Apple as an individual.
this sounds about right - i registered a company; so i can deduct stuff off it before i pay taxes. still, taxes here are quite high.

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