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2024 will 1099 shipping fees be part of income

If I sell on ebay will the shippng fees and taxes be part of 2024 1099 or just the amount the item sold for ?  Thanks

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2024 will 1099 shipping fees be part of income

Just the item price & shipping if any. Not the taxes.

"If a product doesn't sell, raise the price" - Reese Palley
"If it sold FAST, it was priced too low" - also Reese Palley
Message 2 of 4
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2024 will 1099 shipping fees be part of income

Any shipping the buyer pays you is considered income and will be included on a 1099K.

Sales tax will not be on a 1099K.

Have a great day
Message 3 of 4
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2024 will 1099 shipping fees be part of income

All revenue.

 

When I do taxes I have a line item for 'shipping income' under "revenue". Under "deductions" I deduct actual shipping cost.


When you dine with leopards, it is wise to check the menu lest you find yourself as the main course.

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