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How do I find my total sales for January - Do they include sales tax

How do I find my total sales for January?  Also, I want to stay under the $2500 IRS reporting limit this year.  To determine the $2500, does ebay just include selling price, or do they include sales tax in the figure.

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19 REPLIES 19

Re: How do I find my total sales for January - Do they include sales tax

@oillamp 

 

It is too late for you to avoid a 1099K for 2025, as you are just a sneeze away from selling enough already to meet the minimum threshold.


mam98031  •  Volunteer Community Member  •  Buyer/Seller since 1999

"I can explain it to you, but I can't understand it for you." Quote from Edward I Koch

Message 16 of 20
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Re: How do I find my total sales for January - Do they include sales tax

@oillamp 

 

You better shut down fast. Looks like you are less than $30 away from a 1099-K 😐

Message 17 of 20
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Re: How do I find my total sales for January - Do they include sales tax

I guess I will just keep the best records I can. There is nowhere here to sell my stuff.

Message 18 of 20
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Re: How do I find my total sales for January - Do they include sales tax


@oillamp wrote:

I report my estimated net profit every year to IRS and pay my taxes. I pay everything I owe. BUT, I sell things I have accumulated over the years and do not have receipts. (Who gets receipts at yard sales and purchases from friends and neighbors). I can not prove how much I paid for sold items if audited. That is my reason for not wanting a 1099.  Without a 1099 to IRS I can pay my owed taxes, IRS would not even know I was selling items on ebay, and not have to worry about having to prove what my net income was. I am not a business, just selling items I have accumulated the past 60 years. I have a lot, and many are expensive. I lose money on many items I sell (I can not prove it), I just want them gone.


I don't understand..if you already pay on your estimated net profit, what difference would a 1099 form make in the process? Your reasoning does not hold water. 

Message 19 of 20
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Re: How do I find my total sales for January - Do they include sales tax

You apparently did not read my above post.

Message 20 of 20
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