Tax question.

[inhawaii]

I've never seen this before.

Seller hub > Payments > Reports (new) > Time frame: Last year

It shows you totals for:

*Orders

*Refunds

*Expenses (fees & shipping labels)

*Net transfers

Can I use theses totals to pass on to my tax person for deductions?

Seems too easy.

[rosszonebricks]

I mean.... that's basically the report I pull those figures for my taxes...  (although I'm used to generating a Transaction Report) but looks to be similar enough.

[ebooksdiva · Accepted solution]

That's the report I gave to my CPA along with a total of my expences.

[inhawaii]

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@ebooksdiva wrote:

That's the report I gave to my CPA along with a total of my expences.

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Excellent. Thank you!

[dbfolks166mt]

     It depends on what type of accounting you declare on your schedule C and when the expenses either occurred or when the cash actually flowed but in general yes. 

[ebooksdiva]

You're welcome!

[treasurearchivist]

Yes this is what you use! I also found the performance > selling costs section helpful, because it shows accurate shipping expense (where as in this section it did not, but had the correct fees amount.

In the last column called 'Net Transfers' it says 'charges' ...does anyone know what this means? charges for what? 

[dhbookds]

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@treasurearchivist wrote:

Yes this is what you use! I also found the performance > selling costs section helpful, because it shows accurate shipping expense (where as in this section it did not, but had the correct fees amount.

In the last column called 'Net Transfers' it says 'charges' ...does anyone know what this means? charges for what? 

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it's charges from ebay to you for which you didn't have funds on ebay (labels/store rent, etc) .......so they deducted from your bank account.....

[mam98031]

It is a wonderful new report that came out a few weeks ago.  Enormously helpful anytime of the year.

https://www.ebay.com/sh/fin/reportslanding