2024 will 1099 shipping fees be part of income

If I sell on ebay will the shippng fees and taxes be part of 2024 1099 or just the amount the item sold for ? Thanks

grasser208

Posted 2 years ago·Last reply 2 years ago

3 comments

chapeau-noir

·2 years ago

Klaatu barada nikto6593 View listings

All revenue.

When I do taxes I have a line item for 'shipping income' under "revenue". Under "deductions" I deduct actual shipping cost.

kensgiftshop

·2 years ago

Any shipping the buyer pays you is considered income and will be included on a 1099K.

Sales tax will not be on a 1099K.

toomuchstuffagain35

·2 years ago

Just the item price & shipping if any. Not the taxes.