Most should have the form now. Ebay released them electronically around noon PST. For those that opt'd to have theirs mailed, I've seen some say they got theirs today in the mail, for others it may take a couple days.
Mine was just been posted so their coming out. Trying to figure out how it's $1100 higher than ebay's seller hub sales total. I did subtract sales tax, figure it'd be a little off but not that much.
I just received mine too. The figures are $446 different from the Financial Summary Report. It's different every year so that's why I wanted those 1099-k figures for my state Sales Tax Return...too late now because I filed two hours ago rather than take the chance I got a $50 penalty for late filing.
@tsme35 I think the difference is something to do with how credit card payments are processed. If you're seeing a higher figure, it could be that some payments from the end of the previous year were not actually processed by the credit card company until early January of 2024 so were counted as 2024 income for you. I may not be exact with how that works, but I think it has something to do with that and that's why the figures don't always match with the financial reports.
I just received mine too. The figures are $446 different from the Financial Summary Report. It's different every year so that's why I wanted those 1099-k figures for my state Sales Tax Return...too late now because I filed two hours ago rather than take the chance I got a $50 penalty for late filing.
@tsme35 I think the difference is something to do with how credit card payments are processed. If you're seeing a higher figure, it could be that some payments from the end of the previous year were not actually processed by the credit card company until early January of 2024 so were counted as 2024 income for you. I may not be exact with how that works, but I think it has something to do with that and that's why the figures don't always match with the financial reports.
@csbbct
I wish I had kept a better record of either a meeting we had or information eBay provided about how they tabulated transactions at the end of December. That is to your point about money being moved around and when it is actually recorded and included as part of the 1099K can vary.
Since I file my Tax ID info either four times or twice a year (that is the frequency the state gave me for 2024) there is no 1099K info in July so I use the eBay Custom reports feature and generate the total Gross sales for Jan thru June ... I do the same thing for the second half of the year not relying on the 1099K at all. Since I repeat the same recording process for the State any missed sales one year gets pick up the following year if the numbers by the state were ever matched against a 1099K ... which they do not require. And to your point about your numbers being off by $ 446 I don't thing small differences like that would irk the reporting process ... I think they would be more concerned if someone or some business was $ 446,000 off.
Mine came through too, and it **exactly** matched the number given under the Payments:Reports:Orders;Last Year.
That is the number that I used when I filed my state sales tax return last week. I found that number last tax season, and it is everything eBay Payments processed for me minus sales tax. And, that is the number that appears on a 1099K.
@csbbct wrote:
I just received mine too. The figures are $446 different from the Financial Summary Report. reports last year
It isn't just ebay holding off until the last second this year. I am expecting about 20 forms between my wife and I , so far we are missing ebay, mercari, every single bank and investment account we have, paypal, district and my book publisher.
The only ones I have so far that didn't wait until the last second were youtube and the health insurance marketplace. Both of those came IN THE MAIL over a week ago.
It isn't just ebay holding off until the last second this year. I am expecting about 20 forms between my wife and I , so far we are missing ebay, mercari, every single bank and investment account we have, paypal, district and my book publisher.
The only ones I have so far that didn't wait until the last second were youtube and the health insurance marketplace. Both of those came IN THE MAIL over a week ago.
@onefootflipper your bank is online at your bank.com. Investment account (Schwab for instance) are not sending them out until Feb 28th.
It isn't just ebay holding off until the last second this year. I am expecting about 20 forms between my wife and I , so far we are missing ebay, mercari, every single bank and investment account we have, paypal, district and my book publisher.
The only ones I have so far that didn't wait until the last second were youtube and the health insurance marketplace. Both of those came IN THE MAIL over a week ago.
@onefootflipper your bank is online at your bank.com. Investment account (Schwab for instance) are not sending them out until Feb 28th.
Huh? They're required to mail them by today & I got a notice from Schwab today that they will be mailed today. It said:
Your Form 1099 Composite and/or Year-End Summary, prepared on JANUARY 24, 2025, has been mailed to you. Please allow time for postal delivery.
If you'd like to access your tax forms now, you can do so online.
I haven't received my 1099 from ebay for year 2024? ebay reports I should receive by Jan 31st?
Hey @terratreasures! I just wanted to reach out and let yourself and others know that sellers whom qualified to receive a 1099-K will start to see them later today.
It would be nice if they didn't wait until the last second though. For my state, Sales Tax returns are due today also. Although I will owe no sales tax because it's collected by eBay, I need the Gross Sales amount for the form. I would like to use the figures that come through on the 1099-K because for some reason every year they are slightly different from the numbers shown on the Financial Summary Reports for the year, and I don't want the possibly of the state questioning why my Sales Tax Return numbers are different from my 1099-K numbers.
I had no choice but to submit my state's Sales Tax Return without those 1099-K numbers because it's 2:00pm here on the east coast and if I don't file today I'll get a $50 penalty, even if I owe no taxes! Can you please pass this information along to the department producing the 1099-K's? Thank you!
It would be nice if they didn't wait until the last second though. For my state, Sales Tax returns are due today also. Although I will owe no sales tax because it's collected by eBay, I need the Gross Sales amount for the form. I would like to use the figures that come through on the 1099-K because for some reason every year they are slightly different from the numbers shown on the Financial Summary Reports for the year, and I don't want the possibly of the state questioning why my Sales Tax Return numbers are different from my 1099-K numbers.
I had no choice but to submit my state's Sales Tax Return without those 1099-K numbers because it's 2:00pm here on the east coast and if I don't file today I'll get a $50 penalty, even if I owe no taxes! Can you please pass this information along to the department producing the 1099-K's? Thank you!
Hi @terratreasures
What state are you in??? PA gives Tax ID holders until Feb 20 for Semi-annual filers. For more frequent filers they give them until Jan 21 and obviously those filers would have to depend on gross sales totals that eBay can provide via Custom reports on the Financial summary page.
Thanks everyone I live in NJ, Ebay reports that I will receive my 1099 by Jan31st note the screen shot below:, no email yet and nothing in the taxes part of the payment section - is eBay just slow on providing?
For my state, Sales Tax returns are due today also. Although I will owe no sales tax because it's collected by eBay, I need the Gross Sales amount for the form. I would like to use the figures that come through on the 1099-K because for some reason every year they are slightly different from the numbers shown on the Financial Summary Reports for the year, and I don't want the possibly of the state questioning why my Sales Tax Return numbers are different from my 1099-K numbers.
Can you please pass this information along to the department producing the 1099-K's? Thank you!
Exactly! Me too!
I have the same concerns about eBay's wait-until-the-last-minute-to-provide-1099K's process.
I am in California and am required to file my annual sales tax return on January 31.
Waiting to file until later today is dicey. The CDTFA website has been known be overwhelmed with late filings and go down at the end of the day--thus making me file late and be liable for late fees.
This is my first year for a 1099K (and yes, I've been paying income tax on my eBay profits for decades), so I don't know what will happen if CDTFA does match the gross sales figure with my 1099K. Yuk!
For my state, Sales Tax returns are due today also. Although I will owe no sales tax because it's collected by eBay, I need the Gross Sales amount for the form. I would like to use the figures that come through on the 1099-K because for some reason every year they are slightly different from the numbers shown on the Financial Summary Reports for the year, and I don't want the possibly of the state questioning why my Sales Tax Return numbers are different from my 1099-K numbers.
Can you please pass this information along to the department producing the 1099-K's? Thank you!
Exactly! Me too!
I have the same concerns about eBay's wait-until-the-last-minute-to-provide-1099K's process.
I am in California and am required to file my annual sales tax return on January 31.
Waiting to file until later today is dicey. The CDTFA website has been known be overwhelmed with late filings and go down at the end of the day--thus making me file late and be liable for late fees.
This is my first year for a 1099K (and yes, I've been paying income tax on my eBay profits for decades), so I don't know what will happen if CDTFA does match the gross sales figure with my 1099K. Yuk!
@tealt@csbbct tax sites do NOT get a copy of the 1099; so just use ebay 'payments' tab- change 'dates' to 'Last Year' and use that figure. It's usually a very small variance (Dec 30/31 from 2023 wind up on 2024 1099; while sales from Dec 30/31 of 2024 are usually NOT on the 1099 as the 1099 is the amount 'sent' from the processor; so if pending at midnight 12/30 or 31- will NOT be on that years 1099.)
Yes, I know states do not receive copies of the 1099-k for sales tax return purposes, but I can be audited any time by the state for that return and would prefer the numbers to match the 1099-k. It won't matter much because I won't owe taxes on it, but I like for all my tax documents (state sales, state income, & federal income) to all show the same figures. As I said in my post, I already filed the return two hours ago using the year-end Financial Summary numbers which are as close as I'll get at this point.
Yes, I know states do not receive copies of the 1099-k for sales tax return purposes, but I can be audited any time by the state for that return and would prefer the numbers to match the 1099-k. It won't matter much because I won't owe taxes on it, but I like for all my tax documents (state sales, state income, & federal income) to all show the same figures. As I said in my post, I already filed the return two hours ago using the year-end Financial Summary numbers which are as close as I'll get at this point.
Same! I want to use my 1099 numbers for consistency & in case of an audit!
It would be nice if they didn't wait until the last second though. For my state, Sales Tax returns are due today also. Although I will owe no sales tax because it's collected by eBay, I need the Gross Sales amount for the form. I would like to use the figures that come through on the 1099-K because for some reason every year they are slightly different from the numbers shown on the Financial Summary Reports for the year, and I don't want the possibly of the state questioning why my Sales Tax Return numbers are different from my 1099-K numbers.
I had no choice but to submit my state's Sales Tax Return without those 1099-K numbers because it's 2:00pm here on the east coast and if I don't file today I'll get a $50 penalty, even if I owe no taxes! Can you please pass this information along to the department producing the 1099-K's? Thank you!
Same here, except mine was due on the 19th. Since I owe 0, they won't bug me til April that it's overdue, but I can't easily do it until I have my 1099. Luckily no penalty for being overdue here, at least if you owe nothing.
I haven't received my 1099 from ebay for year 2024? ebay reports I should receive by Jan 31st?
Hey @terratreasures! I just wanted to reach out and let yourself and others know that sellers whom qualified to receive a 1099-K will start to see them later today.
@devon@ebay
Hey Devon! 3:10 PM EST and no 1099K yet ... I don't need it today but just wanted to update my account's activity on this subject.
I'm guessing I will see it no later than 6 PM my time ... of course I like to guess at stuff like this.
mam98031
·1 year agoMost should have the form now. Ebay released them electronically around noon PST. For those that opt'd to have theirs mailed, I've seen some say they got theirs today in the mail, for others it may take a couple days.
natoman777
·1 year agoI always look forward to this time of year... so much fun paying taxes and all.
tsme35
·1 year agoMine was just been posted so their coming out. Trying to figure out how it's $1100 higher than ebay's seller hub sales total. I did subtract sales tax, figure it'd be a little off but not that much.
csbbct
·1 year agoI just received mine too. The figures are $446 different from the Financial Summary Report. It's different every year so that's why I wanted those 1099-k figures for my state Sales Tax Return...too late now because I filed two hours ago rather than take the chance I got a $50 penalty for late filing.
@tsme35 I think the difference is something to do with how credit card payments are processed. If you're seeing a higher figure, it could be that some payments from the end of the previous year were not actually processed by the credit card company until early January of 2024 so were counted as 2024 income for you. I may not be exact with how that works, but I think it has something to do with that and that's why the figures don't always match with the financial reports.
tsme35
·1 year agoOops, forgot about refunds, so only off around $250, that could be for 23-24 and 24-25 end of years processing.
mr_lincoln
·1 year ago@csbbct
I wish I had kept a better record of either a meeting we had or information eBay provided about how they tabulated transactions at the end of December. That is to your point about money being moved around and when it is actually recorded and included as part of the 1099K can vary.
Since I file my Tax ID info either four times or twice a year (that is the frequency the state gave me for 2024) there is no 1099K info in July so I use the eBay Custom reports feature and generate the total Gross sales for Jan thru June ... I do the same thing for the second half of the year not relying on the 1099K at all. Since I repeat the same recording process for the State any missed sales one year gets pick up the following year if the numbers by the state were ever matched against a 1099K ... which they do not require. And to your point about your numbers being off by $ 446 I don't thing small differences like that would irk the reporting process ... I think they would be more concerned if someone or some business was $ 446,000 off.
tealt
·1 year agoMine came through too, and it **exactly** matched the number given under the Payments:Reports:Orders;Last Year.
That is the number that I used when I filed my state sales tax return last week. I found that number last tax season, and it is everything eBay Payments processed for me minus sales tax. And, that is the number that appears on a 1099K.
onefootflipper
·1 year agoIt isn't just ebay holding off until the last second this year. I am expecting about 20 forms between my wife and I , so far we are missing ebay, mercari, every single bank and investment account we have, paypal, district and my book publisher.
The only ones I have so far that didn't wait until the last second were youtube and the health insurance marketplace. Both of those came IN THE MAIL over a week ago.
stainlessenginecovers
·1 year ago@onefootflipper your bank is online at your bank.com. Investment account (Schwab for instance) are not sending them out until Feb 28th.
simply-the-best-for-you
·1 year agoHuh? They're required to mail them by today & I got a notice from Schwab today that they will be mailed today. It said:
Your Form 1099 Composite and/or Year-End Summary, prepared on JANUARY 24, 2025, has been mailed to you. Please allow time for postal delivery.
If you'd like to access your tax forms now, you can do so online.
buyselljack2016
·1 year agoCould that (Feb 28) possibly be the date that the form is sent to the IRS?
Deadline is different to get sent to IRS than to get sent to us.
devon@ebay
Hey @terratreasures! I just wanted to reach out and let yourself and others know that sellers whom qualified to receive a 1099-K will start to see them later today.
csbbct
·1 year ago@devon@ebay
It would be nice if they didn't wait until the last second though. For my state, Sales Tax returns are due today also. Although I will owe no sales tax because it's collected by eBay, I need the Gross Sales amount for the form. I would like to use the figures that come through on the 1099-K because for some reason every year they are slightly different from the numbers shown on the Financial Summary Reports for the year, and I don't want the possibly of the state questioning why my Sales Tax Return numbers are different from my 1099-K numbers.
I had no choice but to submit my state's Sales Tax Return without those 1099-K numbers because it's 2:00pm here on the east coast and if I don't file today I'll get a $50 penalty, even if I owe no taxes! Can you please pass this information along to the department producing the 1099-K's? Thank you!
mr_lincoln
·1 year agoHi @terratreasures
What state are you in??? PA gives Tax ID holders until Feb 20 for Semi-annual filers. For more frequent filers they give them until Jan 21 and obviously those filers would have to depend on gross sales totals that eBay can provide via Custom reports on the Financial summary page.
terratreasures
OP1 year agoThanks everyone I live in NJ, Ebay reports that I will receive my 1099 by Jan31st note the screen shot below:, no email yet and nothing in the taxes part of the payment section - is eBay just slow on providing?
tealt
·1 year agoExactly! Me too!
I have the same concerns about eBay's wait-until-the-last-minute-to-provide-1099K's process.
I am in California and am required to file my annual sales tax return on January 31.
Waiting to file until later today is dicey. The CDTFA website has been known be overwhelmed with late filings and go down at the end of the day--thus making me file late and be liable for late fees.
This is my first year for a 1099K (and yes, I've been paying income tax on my eBay profits for decades), so I don't know what will happen if CDTFA does match the gross sales figure with my 1099K. Yuk!
stainlessenginecovers
·1 year ago@tealt @csbbct tax sites do NOT get a copy of the 1099; so just use ebay 'payments' tab- change 'dates' to 'Last Year' and use that figure. It's usually a very small variance (Dec 30/31 from 2023 wind up on 2024 1099; while sales from Dec 30/31 of 2024 are usually NOT on the 1099 as the 1099 is the amount 'sent' from the processor; so if pending at midnight 12/30 or 31- will NOT be on that years 1099.)
csbbct
·1 year ago@stainlessenginecovers
Yes, I know states do not receive copies of the 1099-k for sales tax return purposes, but I can be audited any time by the state for that return and would prefer the numbers to match the 1099-k. It won't matter much because I won't owe taxes on it, but I like for all my tax documents (state sales, state income, & federal income) to all show the same figures. As I said in my post, I already filed the return two hours ago using the year-end Financial Summary numbers which are as close as I'll get at this point.
simply-the-best-for-you
·1 year agoSame! I want to use my 1099 numbers for consistency & in case of an audit!
simply-the-best-for-you
·1 year agoSame here, except mine was due on the 19th. Since I owe 0, they won't bug me til April that it's overdue, but I can't easily do it until I have my 1099. Luckily no penalty for being overdue here, at least if you owe nothing.
mr_lincoln
·1 year ago@devon@ebay
Hey Devon! 3:10 PM EST and no 1099K yet ... I don't need it today but just wanted to update my account's activity on this subject.
I'm guessing I will see it no later than 6 PM my time ... of course I like to guess at stuff like this.
lux.ra_14
·1 year agoYou will get it in the fullness of time.
As in, some time later today ...
loose_goose_garage
·1 year agoThey have until 11:59:59 PST.
Still 15 hours to go.