eBay

benmcntsh · ‎01-31-2022

I just received my 2021 1099-K and was surprised to see that the amounts in every box were exactly doubled from what they should be. Has this happened to anyone else?

I contacted support and they said that they cannot help me and to consult a tax professional. After some strong words that this is 100% an eBay error on the form they provided (over reported sales figures) they claim to be working on it.

luxgoods · ‎02-02-2022

This is typical ebay. I am not sure why anyone would be surprised. The people they hire to do these types of reports or any other change always seems to be a disaster. The number of glitches and complaints that appear here everyday is mind blowing.

chapeau-noir · ‎02-02-2022

@axiombody wrote:
I changed over to managed payments in the middle of the year. Been dreading having to manage two 1099Ks. Just got my Ebay one, looks correct, but I haven't yet received my Paypal 1099K. Usually it shows by now. Ugh Taxes this year will be hell. Best to all.

@axiombodyI went through this last year and it wasn't as bad as I thought it would be. I just had to make sure I tallied everything separately for the two payment systems and only then combined them. Then I did the usual tallying for the other platforms where I sell and combined it all at the end on the schedule C. Like that Offspring song "gotta keep 'em separated."

“The illegal we do immediately, the unconstitutional takes a little longer.” - Henry Kissinger

"Do not obey in advance." Timothy Snyder "On Tyranny"

simply-the-best-for-you · ‎02-02-2022

@chapeau-noir wrote:
@axiombody wrote:
I changed over to managed payments in the middle of the year. Been dreading having to manage two 1099Ks. Just got my Ebay one, looks correct, but I haven't yet received my Paypal 1099K. Usually it shows by now. Ugh Taxes this year will be hell. Best to all.
@axiombodyI went through this last year and it wasn't as bad as I thought it would be. I just had to make sure I tallied everything separately for the two payment systems and only then combined them. Then I did the usual tallying for the other platforms where I sell and combined it all at the end on the schedule C. Like that Offspring song "gotta keep 'em separated."

Off topic, but in my house, every time one of us says separated, we both immediately break into that line from the song. I thought we were just weird & I was listening to a random podcast & the 2 hosts did the exact same thing ROFL.

This one goes to Eleven - Nigel Tufnel

Simply-the-best-for-you Volunteer Community Mentor
eBay Seller since 1996

shellistoys · ‎02-02-2022

Can eBay give guidance for how we know if the 1099-K amount is correct? What numbers in the reports that we can download from Sellers Hub should the amount correspond to?

itiswhatitis · ‎02-02-2022

Jasmen,

Are you able to help me as well? My 1099-K is incorrect as well. Actually, I should not have received this one this year as my gross payments fall just shy of the $20k threshold. I don't mind getting them (when they are correct) as it makes doing the taxes easier in my opinion. In any event, my 1099-K has been over stated by ebay (according to their own paperwork) by $350 and change. I don't know how or where they got some of their monthly numbers, but they are off by leaps and bounds. I need a corrected 1099-K (which actually will lead to none at all) because what they are reporting to the IRS is incorrect.

Thanks!

A.M.

fixintoscrap · ‎02-03-2022

You're not alone.

We are seeing an exact doubling of the actual totals.

The 1099-K monthly report amounts on the "1099-K details" tab are correct, but that's not what's being reported to the IRS.

The paper 1099-K and the digital yearly download on the "1099-K forms" tab are exactly double the monthly totals.

eBay will need to issue revised 1099-Ks, but it seems Jasmen with eBay is looking into this issue here and on related threads.

We've been on Managed Payments since it was open to early adopters, so this isn't our first 1099-K since being on Managed Payments. Also, we have weekly payouts if that happens to be somehow related to the issue if it's only some sellers.

jlane0710 · ‎02-03-2022

I think the 1099-K change is going to be a mess. Reverb is trying to issue me one for 2021 and I sold $1800 worth of equipment (the threshold for 2021 is $20,000 AND 200 transactions). But I couldn't even get it because they must have the SSN wrong or something. I e-mailed their accounting dept. about it a few days ago and haven't heard anything. I imagine they are inundated with questions and the whole thing. But I agree with you. If the form is wrong, they need to fix it.

tier1_3d_prints · ‎02-03-2022

Please add me to the list as well, my 1099k is exaxctly double the amount it is supposed to be .

tier1_3d_prints · ‎02-03-2022

Please add me to your list as well. my 1099k is exactly double

fixintoscrap · ‎02-03-2022

I've started tagging seller comments with Double Trouble for those who are having a gross income that's double the actual amounts.

If you're having the doubling problem on your 2021 1099 gross income, then please tag your comment with Double Trouble.

If you're not sure, you can compare your monthly "1099-K details" tab amounts to your yearly "1099-k forms" tab amount.

If you have an issue that's not related to the gross income being double, then please check the other recent 1099-K threads thread for other topics and issues.

noclue202 · ‎02-04-2022

Hello -

Please add my seller ID to the list. I just downloaded the 1099 and the amounts are doubled.

Thank You!

optimus.prime · ‎02-04-2022

Has anyone had any success contacting eBay? I'm currently relying on Jasmine's comment from 2/2.

Anyone try eBay on Facebook?

fixintoscrap · ‎02-04-2022

User @undercover*babies on another thread just said the following, but it's unclear if "ready online in 4 days" was intended for their specific situation, or if eBay is reissuing them for all those affected.

While chatting with them online yesterday, I noticed the 2nd pages of that tiny print. It shown it was double statement. Ebay stated that my 1099k was indeed incorrect & that the update 1099k with be ready online in 4 business days.

albel · ‎02-04-2022

Please add my seller ID to the list I have the doubling issue too.

undercover*babies · ‎02-04-2022

The person I chat to was trying to fix it at the moment but it didn't work. So he told me it will be updated within 4 business days. I should receive a notification throught email. Let see if it true or not. If it doesn't work. I just have to reach out to them again.