1099 question

[gal220joy]

Re: ebay's 1099-K. I read that ebay includes all the refunds, etc in the 1099 total and that I as a seller have to deduct the returns, etc as an expense. But when I checked ebay's 1099 total with my Excel spreadsheet total (in which I have already deducted the returns/refunds), I'm coming up with basically the same amount. So it appears to me that ebay has not included returns/refunds in my 1099? I'm racking my brain and have not come to any other solution. Any thoughts?

[luckythewinner]

I read that ebay includes all the refunds, etc in the 1099 total

Don't go by what you "read" somewhere, go by eBay's explanation says is included: 

 https://www.ebay.com/help/selling/fees-credits-invoices/ebay-form-1099k?id=4794#section3

eBay does not deduct refunds. So if you were paid $1000 and ended up refunding $100, the 1099-K will report $1000. 

[gal220joy]

And my returns/refunds are a significant dollar amount to where it would be noticed.

[luckythewinner]

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@gal220joy wrote:

And my returns/refunds are a significant dollar amount to where it would be noticed.

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On the IRS Schedule C, there is a line to deduct refunds and returns.

[gal220joy]

Well my 1099 seems to make adjustment for returns and refunds. Odd.