Getting a 1099-K even though I was under 20k for the year 2022

[mnmkoter]

I will be filing my taxes like I should but I was wondering will eBay still send me a 1099 If I am under the 20 K for the year?  If they do not send me the 1099K then I have to figure out my gross for the year.  I kept track of all my fees and expenses but did not keep track of my gross because we were to receive the 1099k.  If anyone has any information on this please let me know.

[nobody*s_perfect · Accepted solution]

Your listings show that you are located in Illinois, which has its own state-mandated threshold of $1,000, so if your total sold and shipping payments were more than $1K you will get a 1099-K from eBay.

[stainlessenginecovers]

In the future, doing over $20k means you are a business and should be keeping books and totalling all on a monthly basis (one of the 2 requirements being a business so you can write off Fees, Shipping etc. is a.) attempt to make a profit b.) keep books)

Anyway- go to Seller Hub

Go to Payments

Hover over Payments to Reports

In the box that says 'Transaction Type-All' click it

Drop down- click OFF everything except ORDERS AND SHIPPING

Change Dates from Jan 1 to Dec 31

That will give you (very close) to your 'gross receipts' for the year

You can also look at the Tax Report (print off every month) and this will show your FEES (will also show Shipping you paid if you used Pending Payments and bought all labels on eBay)- otherwise if you used Paypal, you would run a 'money sent' report there. 

[mnmkoter]

Thank you for this great information.  I have the answers I need.  Hope this information will help others.

[714ricki]

In the seller tools/hub, there are a few reports where you can extract your gross sales and you can also get the information from the monthly financial summaries. Take a look at all those options & then decide which one is best suited for your sales. 

Good luck!