eBay

j2835811 · ‎09-15-2023

Hello,

I just passed $600 this year in sales. I noticed in my total sales is an auction that I cancelled because the person did not pay. Should this be excluded from my total amount earned?

albertabrightalberta · ‎09-15-2023

The 1099 will reflect the full payments of every item that sold and was paid for, whether canceled before shipment or refunded upon return.

You will go to your records and take deductions of your basis, shipping, FVF, refunds, etc.

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nobody*s_perfect · ‎09-15-2023

If you received a payment, it will be reflected on your 1099-K. If you refunded all or part of that payment, then that's a deductible expense.

monica-sells · ‎09-15-2023

@j2835811 wrote:
Hello,
I just passed $600 this year in sales. I noticed in my total sales is an auction that I cancelled because the person did not pay. Should this be excluded from my total amount earned?

If the payment was never made, there was NO transaction. That amount would not be on your 1099-K total. Only if you received payment, which did not occur here, would an amount be refleted on your totals.

southern*sweet*tea · ‎09-15-2023

Are you talking about the sales total on your seller's page overview? eBay has always given the total sales there, whether the item was paid for or cancelled it counts toward that sales number. It's always been that way, why I have no idea.

For the true picture you need to look under performance>sales: https://www.ebay.com/sh/performance/sales This total is the gross amount of money you actually receive. The total you actually receive (minus taxes ) is what's reported on the 1099. It's up to you to deduct your expenses when you file your taxes.

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