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I was told by quickbooks that ebay should be instrumental in the setup help
cannot reach a representative to help me
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Discussions in this board are limited to the original poster and Community Mentors
cannot reach a representative to help me
comics-scifi-collectibles
Mentor1 year ago@jon8837. eBay doesn't set up quickbooks for you.
Are you asking about filing for income taxes?
You still pay taxes on your PROFITS even if you didn't get a 1099k otherwise the IRS considers it tax evasion.
The federal limit is $5k this year but some states have a lower threshold for when a 1099k is required to be issued. You can see states with different thresholds here> https://support.waveapps.com/hc/en-us/articles/12277365763220-Form-1099-K-Federal-state-thresholds
If you were issued a 1099k you can print it from this page>
https://www.ebay.com/sh/fin/taxforms
I like the Financial Overview report for eBay expenses and download it as a PDF
https://www.ebay.com/sh/fin/reportslanding
I also deduct the cost of goods, shipping supplies I have receipts for, and mileage to the post office. Talk to your tax preparer for what are allowed to deduct as a business expense. books for you.
rock.star
·1 year agoEBay cannot help you with your taxes.
All they do is send you a 1099k.