eBay

rbabydill · ‎04-03-2019

I’m trying to file my taxes but they want a 1099 but PayPal didn’t give me one because I only made 16k not 20k. So how do I do my taxes without a 1099?

orangehound · ‎04-03-2019

I don't know who "they" might be, but you don't need a 1099 ... you just enter your gross sales.

green-night · ‎04-03-2019

You don't need a 1099 to include the extra income when you file your taxes. Just figure out what your income was and file a schedule C like you normally would .

nobody*s_perfect · ‎04-03-2019

In your PayPal account, go to Reports > Financial Summaries > "Financial Summary" and you can choose 2018 from the drop-down menu for the report interval.

https://business.paypal.com/merchantdata/reportHome

This will generate a summary of your PayPal activity for the year, including a line item for all payments received (i.e., gross receipts, for line 1 of Schedule C), for Fees (i.e., PayPal fees), and another line for all refunds sent.

To see your payments to a specific vendor such as eBay shipping, go to your basic Summary page and click on "Payments sent," then do a search on "eBay Inc Shipping" for 2018. Unfortunately, PayPal no longer provides a total for this information (as they did with "Transaction finder") so you'll have to either add them up or export the data, to Excel.

luckythewinner · ‎04-03-2019

@rbabydill wrote:
I’m trying to file my taxes but they want a 1099 but PayPal didn’t give me one because I only made 16k not 20k. So how do I do my taxes without a 1099?

You would file your taxes the same way you would file them if you did get a 1099K from PayPal ... because a 1099K is not really much help in filing your taxes.

A 1099K only shows the total amount of money you received. It does not provide even basic information about your business, such as: