01-27-2020 09:39 AM
I just got off the phone with paypal. I have a personal account on there, which I need to switch to business, but I needed to run some reports. I wanted to see how I could easily itemize shipping fees, paypal fees, ebay fees, etc, for tax purposes. She is telling me that I have to go through every single transaction and add up the PP fees myself. Is this true? I have over 1000 and that would take forever to do. Can anyone tell me how I can do this more efficiently? Or is there no way? In today's computer age there HAS to be a better way. Thanks!
01-27-2020 04:15 PM
@clh1 wrote:
in Paypal right now it has a section showing called Tax Documents & other Reports. Click on that & you should see Tax year 2019 & 1099k Download the 1099k & u will have everything u need.
Those reports will only be there IF the seller reached the thresholds for getting a 1099K for 2019 and IF they have issued the 1099K yet. They haven't issued all of the 1099Ks yet. It comes out in phases. They still haven't released mine but will by Friday.
01-27-2020 08:10 PM
Run the report for no more than 90 days at a time, Ex 1-1-19 to 3-1-19. it will give you a detailed list. then do that for the next 3 quarters.
01-27-2020 11:03 PM
@jscar59 wrote:Run the report for no more than 90 days at a time, Ex 1-1-19 to 3-1-19. it will give you a detailed list. then do that for the next 3 quarters.
That is the current limitations of the Ebay reports. That is NOT true in PP. PP has excellent reports.
FYI, you are correct that the Ebay reports currently only go back 90 days. That is NOT 3 full months, it is 90 days. As we all know, some months have more than 30 days. If you need these reports, set a reminder for yourself to download them every 90 days so you don't forget as currently there is no report available to recover the lost information if you are late in downloading the report.
01-28-2020 04:22 AM
01-28-2020 09:52 AM
@joyofflipping wrote:
I got my 1099k and it has my sales broken down by the month ,but nothing specific to what I'm looking for.
That is NOT your sales. That is your Gross Receipts. The two are NOT the same.
On the same page of PP where you got your 1099K to print out, there is a reconciliation report you can download. You can use that report or you can go and download your detailed transaction report for the year.
In the numbers that PP reports to IRS on the 1099K are ALL monies you received during the year from customers. It does NOT take into consideration any refunds you may have issued.
From the detailed transaction reports you can get what you paid in shipping, PP fees and other information you need for developing your taxes as well.
01-28-2020 10:05 AM
I use Quicken to record all my transactions and it makes it so much easier then trying to figure it out at tax time.
01-28-2020 10:58 AM
01-28-2020 10:59 AM
01-28-2020 11:19 AM
@joyofflipping wrote:
This might only be available in the business version? I have a personal and the only thing available to me is the 1099k
It has to be available to all so it can assist you in reconciling your numbers.
First Go here.
Click on the blue numbers 1099-K and it will take you to this screen where you will find the report.
01-28-2020 07:04 PM
01-28-2020 07:46 PM
@joyofflipping wrote:
There is no "reports" feature on a personal account. I asked their customer service yesterday. I was looking for the same thing.
Go to the Activity page
Upper right, click on "Statements"
Choose "custom"
01-28-2020 07:49 PM
Detail instructions are here: https://community.ebay.com/t5/Selling/PayPal-s-date-range-programmable-CSV-formatted-database/td-p/3...
01-28-2020 10:46 PM
@slippinjimmy wrote:
@joyofflipping wrote:
There is no "reports" feature on a personal account. I asked their customer service yesterday. I was looking for the same thing.Go to the Activity page
Upper right, click on "Statements"
Choose "custom"
Statements are not detailed transactions or is that option on that page too?
When PP issues a 1099K on a personal account are you saying that there is no place to go to print that form out and download the reconciliation report that goes with it? Or does PP not issue 1099ks on personal accounts?
01-28-2020 11:48 PM
@mam98031 wrote:
@slippinjimmy wrote:
@joyofflipping wrote:
There is no "reports" feature on a personal account. I asked their customer service yesterday. I was looking for the same thing.Go to the Activity page
Upper right, click on "Statements"
Choose "custom"
Statements are not detailed transactions or is that option on that page too?
When PP issues a 1099K on a personal account are you saying that there is no place to go to print that form out and download the reconciliation report that goes with it? Or does PP not issue 1099ks on personal accounts?
When you choose "custom" you end up on the same Reports page, everything appears to be the same as what was posted in upthread.
01-28-2020 11:51 PM
@slippinjimmy wrote:
@mam98031 wrote:
@slippinjimmy wrote:
@joyofflipping wrote:
There is no "reports" feature on a personal account. I asked their customer service yesterday. I was looking for the same thing.Go to the Activity page
Upper right, click on "Statements"
Choose "custom"
Statements are not detailed transactions or is that option on that page too?
When PP issues a 1099K on a personal account are you saying that there is no place to go to print that form out and download the reconciliation report that goes with it? Or does PP not issue 1099ks on personal accounts?
When you choose "custom" you end up on the same Reports page, everything appears to be the same as what was posted in upthread.
Thank you.