What amount to enter on 1099 Form?
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‎03-08-2024 10:45 AM
Hi,
Can someone tell me which amount do I enter on the form? $749.19 or $617.60? Thank you!
What amount to enter on 1099 Form?
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‎03-08-2024 10:47 AM
You don't have a 1099 form showing there, and you're not the one that creates it. Generally on your taxes, though, you'll enter the gross total ("Orders", so $749.19), then deduct expenses ($133.30 plus whatever offsite expenses you may have had). The Net transfers there is just for your benefit, but that's not what the government will care about.
I could be wrong, though, might be best to consult a tax pro. I do my own taxes for my personal life, but I don't do our business taxes for this company, since I'm just an employee who runs the eBay account but not the owner.
What amount to enter on 1099 Form?
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‎03-08-2024 10:50 AM
Thank you very much!
What amount to enter on 1099 Form?
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‎03-08-2024 10:53 AM
@brightlightbookseller wrote:You don't have a 1099 form showing there, and you're not the one that creates it. Generally on your taxes, though, you'll enter the gross total ("Orders", so $749.19), then deduct expenses ($133.30 plus whatever offsite expenses you may have had). The Net transfers there is just for your benefit, but that's not what the government will care about.
I could be wrong, though, might be best to consult a tax pro. I do my own taxes for my personal life, but I don't do our business taxes for this company, since I'm just an employee who runs the eBay account but not the owner.
You're NOT wrong. 'Orders' is the amount that you would enter (although may NOT be the amount that would have been on a 1099 had the OP received one)
What amount to enter on 1099 Form?
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‎03-08-2024 11:21 AM
Thanks! I try to be right when I can, I just wasn't confident on this one!
