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Tax questions
I made $644.43 last year here on ebay but I did not receive a 10-99. I also notice on my monthly invoice sheet that it says Total non-taxable amount and then the monthly total. Why does it say this? I'm trying to get my taxes done but this small amount of money is holding me up.
Thanks for any help.
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comics-scifi-collectibles
Mentor2 years ago@william22vader
I like the financial summary report to help with figuring out my profits that I have to pay taxes on. You still pay taxes on the PROFITS even if you don't receive a 1099K
https://www.ebay.com/sh/fin/reportslanding Financial overview Download it as a PDF.
You will report the gross and then subtract expenses. I subtract the cost of the item, shipping, returns, fees, mileage to the post office and any supplies that I have the receipts for.