Reporting sales tax on ebay sales. Do I report the amount INCLUDING taxes or not?
This is my first year to sell on eBay in awhile, and to report to the state on my ebay sales. The reports that ebay prepared (not a 1099, just report on my sellers hub), show a total including sales tax. On other sales I report, I just report the SALES only, not the sales tax that were collected.
Any thoughts on this? I just don't want to report way more than I should (if I should have backed out the taxes), or not enough.
Thanks!
2 comments
lady_madonna
Mentor6 months agoWhen Ebay issues a 1099 sales tax and canceled transactions are excluded from the gross amount reported.
sherrylu
OP6 months agoThank you!!! So weird that they wouldn't prepare a report that shows the Sales as an amount without the sales tax... but, I can certainly back that out. Thanks!!! I really appreciate your taking the time to respond! 🙂