Selling Overview Info is Incorrect

[kathze_0]

My Ebay Selling Overview shows I have sold 6 items for a total of $312.86. However, 3 of these items were "purchased" but never paid for. How do I get the Selling Overview to show the correct information?

[mam98031]

But they were purchased originally, so they will show up.  For your records you will show you were never paid for them but they were still sales.  Gross Sales is not only stuff you get paid for.  

[dnasilver]

Legally they were never purchased unless buyer completed transaction by paying. It is not part of Gross Sales based on proper accounting procedures.

[mam98031]

---

@dnasilver wrote:

Legally they were never purchased unless buyer completed transaction by paying. It is not part of Gross Sales based on proper accounting procedures.

---

If you are paying taxes on your Gross Sales, then you are not accounting for stuff correctly.  That is something no one should ever do.

You calculate your tax debt by what your NET sales is.  Which is your Gross Sales, less refunds, cancellations, fees, shipping, supplies, etc.

Your 1099K reports your GROSS RECEIPTS, not your sales.  It is simply the total amount that came into your MP account.  

[kensgiftshop]

Even though they didn't pay, the items were still sold and will be included in your monthly listing/selling limits.