You are considered an independent contractor for tax purposes.
Professionals who do business via Boat Planet are considered as independent contractors for tax purposes. This means that you are considered as self-employed for the purposes of paying taxes on your earnings via Boat Planet.
If you meet the federal or your state's income threshold of earnings through Boat Planet, Stripe will email you a link to download an electronic copy of your 1099-K tax form (or mail a paper form if you prefer)
Please note that neither Stripe nor Boat Planet files taxes on your behalf, so you will need to file taxes through your preferred institution.
Boat Planet does not provide tax, legal, or accounting advice and this FAQ answer is for informational purposes only. You should consult your own tax, legal, or accounting advisors for any such advice.