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1099k tax form

Hello , does the tax form represent  before or after ebay fees , are ebay fees then legitimate deductions !

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1099k tax form

@216way 

The amount shown is payments before fees. You can deduct fees, postage, packaging, and any other expenses when you file your taxes.

lady_madonna
Volunteer Ebay Community Mentor

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1099k tax form

 

In addition to the deductions mentioned by @lady_madonna ...

 

Your 1099-K reports your gross payments. So you would also deduct any refunds you made from returns, cancellations, partial refunds, etc.

 

Inceptions
Volunteer Community Mentor, buying and selling on eBay since 2004

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