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Are the shipping costs included in the gross amount for each month on the 1099K?
Just received the 1099K and an trying to figure out where the shipping costs are and are they separate from the gross amount reported on each month?
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lady_madonna
Mentor2 years ago@wswoodturning
The 1099K includes all payments received from buyers.
If you have to make any expense deductions, such as shipping costs, packaging material, etc. you do that on Schedule C.