Locked
Discussions in this board are limited to the original poster and Community Mentors
I didnt know that taxes collected and postage were considereed income for the 1099K
What is considered income for the 1099K
1 comment
Locked
Discussions in this board are limited to the original poster and Community Mentors
What is considered income for the 1099K
comics-scifi-collectibles
Mentor2 years ago@bellpicker The sales tax is not reported on your 1099K just the item price and postage.
You subtract your expenses from your income... shipping costs, supplies that you have receipts for, item cost, refunds etc.
You can use this report and print it as a PDF and it totals all of the sections for you>
Financial overview>
https://www.ebay.com/sh/fin/reportslanding