Which amount counts towards the $600

[debenj_34]

Which amount counts towards the $600 at the end of the year? What is shown in your Seller Dashboard as your total yearly sales, or the total amount of sales including shipping/etc. ?

[spreadlovelikefire]

Your gross sales.  It would be up to you to deduct shipping, eBay fees, processing fees, item cost (with receipts) on your taxes.  

[nobody*s_perfect]

Total amount paid by the buyer including item price and shipping, but not sales tax.  The 1099-K includes the gross amount, with no deductions for eBay fees, postage, etc., not even returns.

https://www.ebay.com/help/selling/fees-credits-invoices/ebay-form-1099k?id=4794

[luckythewinner]

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@debenj_34 wrote:

Which amount counts towards the $600 at the end of the year? What is shown in your Seller Dashboard as your total yearly sales, or the total amount of sales including shipping/etc. ?

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The combined total amount of all payments processed by Managed Payments (less sales tax) on all accounts associated with your taxpayer ID.

[pennysdream]

The gross amount.

Looking at the dashboard, it is the number on the left. 

[kalyoth]

The amount that the IRS says - The Before Taxes & Fees or "Gross" Transaction Amount. They must report to the IRS the Full Dollar Amount & then it is up to you as the recipient to then explain what your actual received amount or "Net" Transaction Amount was, if there was a profit on the transaction & what reduced the amount (original purchase cost, fees, shipping costs etc.).

[simba6]

An example of taxing big business....................