STATE SALES TAX Is Now Added to our Taxable Gross Income

[rh193]

PAYPAL adds SALES TAX COLLECTED to our Gross Income which we now have to pay Income Taxes on.  eBay does not and WILL NOT provide us with an Invoice for total Tax Collected for 2019 so we have nothing to turn in with our Tax Forms and that makes it very difficult to deduct these Sales Taxes from our Gross Income.  What's even worse is that eBay only keeps those Sales Tax Records for 90 days and deletes them.  There doesn't seem to be anything we Sellers can do about it.

[oldguy59]

I downloaded ebay monthly to cvs and unfortuntly I have no program for cvs I can do pdf but that does not help me except for the invoices of ebay.

Mr lincoln did do a nice job with it  also

[goldxxxsilver]

As much as I dislike a lot of Ebay Policies...This Tax to be paid to each State must be a Huge Undertaking for Ebay ..I can only do as you are in keeping track Sale by Sale of Taxes included in each and Every Sale that has a Sales Tax Collected and Included with my Sale...Happy Selling...😀😀

[mr_lincoln]

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@oldguy59 wrote:

I downloaded ebay monthly to cvs and unfortuntly I have no program for cvs I can do pdf but that does not help me except for the invoices of ebay.

Mr lincoln did do a nice job with it  also

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If you downloaded eBay's CSV formatted database it will open in windows EXCEL or other spreadsheet programs.   It can be manipulated like an .xls (spreadsheet) ...

[jaks516]

Hi,
I am a Texas based seller and Texas requires me to keep all sales tax information for 4 YEARS unless I have a letter from the state comptroller granting a lesser time period

[corvettestainless]

@budstewart   It's under 'online payments sent' on the 'financial summary' under 'reports'  and is not just taxes, but also any money you sent or shipping you paid for, so you'll have to then manually add it up.

[goldxxxsilver]

Every Sale that has Sales Tax Included will be Added up Daily and at the end of 2020 will be a Deduction...Just another Step you should be Aware Of...I am not Aware of any Program that does it for you....Happy Selling...😀😀

[nuclearomen]

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@goldxxxsilver wrote:
Every Sale that has Sales Tax Included will be Added up Daily and at the end of 2020 will be a Deduction...Just another Step you should be Aware Of...I am not Aware of any Program that does it for you....Happy Selling...😀😀

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of course... however, like to point out that those not in managed payments and receive all their ebay payments via payal, you won't get a 1099 from paypal unless you did $20,000 or more. If your in Ebay managed payments you get a 1099-K from ebay (not paypal) if you made $20,000 + or 200 transactions. Seems some people have been confused about this, so if you made $5K or $19,999 you won't get a 1099 from Paypal or ebay (unless you made over 200 transactions with ebay as stated). 

However, you can configure many programs to keep track of the tax, i know you can with quickbooks.

[krazzykats]

Three words, "Apache OPEN OFFICE" - Office Productivity Software Suite

The Spreadsheet program works fine with all eBay and Paypal CSV files.

You will have to learn how to import downloaded .csv files, and re-import them.

Its also FREE.

[heyyoufoundit]

"$20,000 + or 200 transactions."
It's $20,000 + and 200 transactions.

[nuclearomen]

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@heyyoufoundit wrote:
"$20,000 + or 200 transactions."
It's $20,000 + and 200 transactions.

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ah yes, correct