1099 from question?
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05-02-2021 09:11 PM
Ok, so I did not get a form from eBay because I didn’t meet the 200 sales or $20,000 in sales last year, but how do I report this as income since they won’t be sending me a form?
Any help would be appreciated. Thanks!
1099 from question?
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05-02-2021 09:33 PM
You're still going to report your earnings and expenses using Schedule C on your 1040 tax return. Do you use Turbo Tax for business? If yes, it will walk you thru it and assist with claiming deductions you need.
No idea what level of sales you are. We use quick books and use a CPA once a year. But we sell on here and another marketplace platform and have a rental property - that and with all the tax changes, at least for us, the $600 we pay our CPA annually is well worth it. If you did not have a lot of sales, Turbo tax for Business (Premium, I think it is called) is a great choice. It will even walk you thru the data you need to gather to enter, etc. Good luck!
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