How do refunds work in Reports for Taxes? | Selling

essentialsareyours · 2022-06-02T16:19:20.421000Z

When I go to performance>sales, the Net Sales amount matches the amount of available funds I had that month and the amount deposited into my bank. I did 3 refunds however. I guess they were just counted as 0 and completely excluded. Therefore, that net sales amount is what I will get taxed on? No need to subtract or add anything regarding the refunds? I have usually heard stories of people having to subtract the refunds since it doesn't match what gets deposited into their bank, but in my case it does for some reason. I wonder why....Also, I had an open return last month (May) where the refund will hit this month (June). The sale was already accounted for in the May Report however, so how will it show up on the June report as a refund? So confused, I'm new to this whole Ebay accounting thing and am just trying to find the best way to calculate what I will be taxed. All help is greatly appreciated. Thank you.

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How do refunds work in Reports for Taxes? | Selling | eBay Community