Is DistroKid Legit for Artists?

If you're an independent artist looking for a music distribution service, you may have come across DistroKid. This platform promises to help you get your music on major streaming services like Spotify, Apple Music, and more. But, is DistroKid legit? And what does the DistroKid 1099 form mean for your taxes? Let's dive into the details to help you make an informed decision.

Understanding DistroKid

DistroKid is a music distribution service that allows artists to upload their music and distribute it to various streaming platforms. The service is known for its simplicity and affordability, making it a popular choice among independent musicians. DistroKid charges a yearly fee instead of taking a cut from your royalties, which can be advantageous for artists who prefer to keep full control over their earnings.

With DistroKid, you can release unlimited songs and albums each year, making it an enticing option for prolific musicians. The platform also offers various features like artist payment splitting, cover song licensing, and sync licensing opportunities.

The Legitimacy of DistroKid

When considering whether DistroKid is legit, there are several factors to examine. Here are some reasons why DistroKid is considered a legitimate and trustworthy service:

• Established Presence: DistroKid has been around since 2013 and has built a solid reputation in the music industry.
• Trusted by Artists: Many independent artists and major artists alike use DistroKid for their music distribution needs.
• Transparency: DistroKid provides clear information about their services, fees, and terms of use, helping artists make informed decisions.
• Support: They offer 24/7 support to their users, ensuring that any issues can be addressed promptly.

What is DistroKid 1099?

If you're using DistroKid and generating income from your music, you might receive a DistroKid 1099 form. A 1099 form is an IRS form used to report income other than wages, salaries, and tips. As an independent artist, any royalties and other payments you receive from DistroKid must be reported as income on your tax return.

Why 1099 Forms Matter

The 1099 form is essential because it helps ensure that you accurately report your earnings to the IRS. Failing to report this income can result in penalties and interest. Here's what you need to know about the DistroKid 1099:

• Receiving the Form: If you earned more than $600 from DistroKid during the year, you should receive a 1099 form from them. This form will outline the total amount of income you received.
• Reporting Income: You must include this income on your tax return. Depending on your situation, you might need to fill out Schedule C (Profit or Loss from Business) if you're treating your music career as a business.
• Deductible Expenses: Keep track of any expenses related to your music career, such as studio time, equipment, and marketing costs. These expenses can be deducted from your income, potentially lowering your taxable income.

Alternatives to DistroKid

While DistroKid is a popular choice, it's not the only option for music distribution. Other platforms such as SoundOn, Tunecore, and CD Baby also provide comprehensive distribution services. If you're considering alternatives, SoundOn is particularly noteworthy for its global distribution service, helping artists build a career and find new fans through TikTok and exclusive partners like CapCut.

As you evaluate different platforms, consider your specific needs, budget, and the services each platform offers. Your choice will ultimately depend on which platform aligns best with your career goals as an artist.

Conclusion

In summary, is DistroKid legit? Yes, DistroKid is a legitimate and trusted music distribution service used by countless artists. If you're an independent musician looking to distribute your music to various streaming platforms, DistroKid's affordability and transparency make it a viable option. However, remember to consider your tax obligations and report any income accurately using the DistroKid 1099 form.

If you're exploring your options, don't forget to check out SoundOn. By registering as a SoundOn artist, you can take advantage of their comprehensive distribution services, helping you build a career and reach new audiences through platforms like TikTok. Sign up with SoundOn today to kickstart your music journey and find new fans globally.