Man I wish some tax expert could come in here & give a better answer - I’ve been heating my head against this issue for years (I have a tax guy but he charges by the hour so I really try to bring him everything finished , you know?) best of my understanding is 1) gross sales figure on the sales page includes sales tax , which eBay collects not seller 2) its gross sales , not gross payments / money actually received, so you might get a payout on Jan 1-7 from sales the year before , or make sales at the end of the year , but not get the payout until next year. For this or many other reasons (returns, adjustments) that figure is wrong, not the reportable one, so you can’t just copy paste the shipping / fee figures (it is tempting tho isn’t it??!!) — Download the detailed 1099k report next to where you get the 1099 itself , then it’s your job to figure out COGS & all other deductions (eBay fees, ad fees, shipping) for all those transactions. That way at least your reporting on the same stuff eBay is & it’ll match nicely. only half way thru it but I went to payments, transactions, & D/L’ed a report for all of 2022 (there you can see just every payment / ad fee, whatever) & im reconciling it with the 1099 detailed sheet, adding in shipping / cost of item, and boom your good. Takes longer but , you know, I really don’t want to be audited. My gross sales is off by like 20 grand, that’s a noticeable amount to the IRS , I’m almost sure of it 😂😂Gross sales I think is just to give you an idea how you’re doing with margins & such , not reportable ..
