11-17-2023 01:36 PM
According to my Seller Hub, my "Order Total", which is the sum of all paid orders, including shipping, taxes, and fees for 2023 is $621.59. My "Item subtotal" which is the sum of all items in 2023, is $457.82. Which of these is used to determine whether I will receive a K1099 for tax purposes?
11-18-2023 12:25 AM
@mam98031 wrote:
@slippinjimmy wrote:The OP knows all of that, they just want to avoid having to actual report eBay revenue.
FYI - The OP ended all of their active listings shortly after posting.
Thank you @slippinjimmy
Whoops too late. They seem to have made enough that they will receive the 1099K.
No they didn't unless almost all their sales were to DE, OR etc. $21.59 is less than 4% of $600 so they are likely at $580 - $590 in reportable gross sales.
11-18-2023 12:30 AM