TAXES: How does it work on the App Store?

MacNoobGuy

macrumors 6502
Original poster
Apr 18, 2012
497
0
hey guys, i'm an aussie and was just wondering how taxes work once i've published an app on the app store. i couldn't find much information on apple's website.

could anyone fill me in? i'd appreciate any help.

thanks
 

1458279

Suspended
May 1, 2010
1,601
1,520
California
I'm pretty sure you just consider yourself an independant contractor. Same as if you had any other business.

You gross income from sales is what Apple gives you.

There has been a debate about if this counts as royalities or not. I understand that right now it is NOT counted as royalities. Royalities are what they get from music and other works, and apps are very simular so the jury is still out on that one.

You'd probably treat it the same as if you earned money and got a 1099.

This assumes ur in the US.
 
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