Monthly Subscription Fee

[sixfranshoo]

Are my monthly subscription cost included in my expenses in my year total seller hub earnings statement? 

[mam98031 · Accepted solution]

Yes it is shown as an expense paid from your Managed Payment Account, just like your FVFs to Ebay and any shipping you purchased through Ebay.  There are reports you can run to get these amounts.

Keep in mind if you are referring to the 1099K form Ebay generates if you meet the threshold, that report if for all funds that come into your MP account.  It is your Gross Receipts.  From that number you need to subtract your Ebay fees, buyer refunds, shipping cost, etc. to arrive at your Adjusted Gross Income before other costs that are outside of Ebay like inventory, shipping supplies, etc.  Just a brief description, if you need more info, just ask.

[stainlessenginecovers]

Yes, it's included in 'fees'. 

[mam98031]

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@stainlessenginecovers wrote:

Yes, it's included in 'fees'. 

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It is actually separate than regular seller fees in the detail reports we have available.  But yes, still on the report as a deduction.

[12345jamesstamps]

It's a deduction from that 1099K  as well as that Wifi monthly fee and so on.

There's a lot of deductions one can take.

Case in thought : if I didn't have this how can I sell on eBay?

[mam98031]

https://community.ebay.com/t5/Announcements/eBay-and-TaxAct-partner-to-help-you-navigate-new-Form-10...

https://www.irs.gov/faqs/small-business-self-employed-other-business/income-expenses/income-expenses

https://www.irs.gov/businesses/gig-economy-tax-center

https://pages.ebay.com/seller-center/service-and-payments/2022-changes-to-ebay-and-your-1099-k.html

https://www.irs.gov/pub/taxpros/fs-2022-41.pdf