Skool Tax Documents Where to Find Invoices and How 1099s Work
If you make money through Skool and are getting ready for taxes, the biggest thing to understand is where your tax information actually comes from and how it is handled.
Skool does not issue 1099 forms. Stripe does.
Skool uses Stripe to process all payments. Because of that, Stripe is the platform responsible for tax reporting. If you meet the reporting requirements for your location, Stripe will generate and send your 1099 for the income you earned through Skool. You will not receive a 1099 from Skool support. It comes from Stripe.
Whether or not you will receive a 1099, you can still access everything you need inside Skool to stay organized.
If you are looking for invoices related to money you earn on Skool, you will find those under payouts.
You can go into the community you own, open the group settings, click on payouts, then select any individual payout to view the invoice tied to it.
Or you can go to your profile settings, click on Payouts, and see all of your payouts in one place. This includes both your community payouts and your affiliate payouts.
If you are looking for invoices related to money you pay on Skool, those are found under Payment History in your profile settings. This includes community memberships, one time purchases, and your monthly subscription payment to run your own community.
You can also customize your invoices by adding your business name, address, and tax information. This is available on the settings wheel in Payment History. Once you update that, it applies to your invoices automatically. This helps keep everything consistent when you are organizing your records or sharing them with your accountant.
If something is not showing up correctly, you can reach out to Skool support. To make the process go smoothly, be sure to submit the support ticket under the name of the community you need help with. Explain the issue clearly, include a screenshot if you have one, and share the correct information it should reflect. You can submit your request here: https://www.skool.com/support
Tax rules are different depending on where you live. They vary by country and they can also vary from state to state. What applies in one place may not apply in another. This information is simply to show you how to get what you need inside Skool and Stripe. It is not tax advice. For guidance on what to do with your numbers, always rely on an accountant or tax professional in your area who understands your local laws.
Knowing exactly where your tax information comes from saves you time and stress later. You know Stripe handles the 1099. You know where to find your payout invoices. And you know exactly where to look when questions come up.
If this is your first year earning through Skool, having this clarity now keeps you from scrambling later.
Do you save these invoices monthly in a folder or do you just do it all at once when you're working on taxes?
I save them monthly!
I only look at this when I absolutely have to.
Invoices? Taxes? What??
26 votes
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22 comments
Jenna Ostrye
8
Skool Tax Documents Where to Find Invoices and How 1099s Work
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