eBay 1099's don't match ANY ebay generated report!?

[milepost38-2]

Trying to tie the eBay 1099-K with ebay  reports. I've called ebay and they are of no help. 
Any ideas? 

[wastingtime101]

eBay 1099 is based on the date funds settled, not the date of sale. So transactions at year end/beginning may overlap with the adjacent year.

1099 also includes cancelled orders.

Read more here and see if this helps:

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

As Form 1099-K is an IRS information return, it includes the gross amount of all reportable payment transactions within a calendar year, based on when funds settle to eBay, not necessarily when funds are received by sellers. This amount does not include any adjustments, for example, credits, discounts, fees, refunds, or any other adjustable amounts. This means that the gross amount on your Form 1099-K may not be the final reportable amount on your tax return. You should consult your tax advisor to determine how best to use the information on your Form 1099-K when filing your personal and/or business income tax return.

[coolections]

The 1099-K is ALL the $$ associated with those transactions. YOU have to deduct anything from that report when doing your taxes. Ebay cannot help you.

[caldreamer]

EBAY has a new 1-page "easy to read" sales report that might be helpful.   Go to Payments, Reports (on left side click on Reports NEW)  enter time period.   This report shows YTD totals for (orders/gross sales, refunds, EBAY fees, shipping expense).

[slippinjimmy]

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@milepost38-2 wrote:

Trying to tie the eBay 1099-K with ebay  reports. I've called ebay and they are of no help. 
Any ideas? 

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It probably never will but it really doesn't matter because a 1099K is just intended for the IRS and is not at all necessary to properly complete your tax return. The numbers you report don't need to exactly match the numbers on the 1099K

For tax purposes run a full year Transaction Report and use the numbers from it in combination with any other revenue you have that was not reported on a 1099K.

[tealt]

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@caldreamer wrote:

EBAY has a new 1-page "easy to read" sales report that might be helpful.   Go to Payments, Reports (on left side click on Reports NEW)  enter time period.   This report shows YTD totals for (orders/gross sales, refunds, EBAY fees, shipping expense).

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@milepost38-2 

I went to the Seller Hub and tried to generate that sales report with a total number. 

First try: using Firefox (up to date) on my MacBookPro (OS also up to date) resulted in an eBay glitch (I was not surprised).

Second try: using Safari on the MacBookPro resulted in a multi-line report, with no total (anywhere, no matter where I looked or how many things I tried).

I'm looking forward to next year when I should get a 1099K. Then eBay will be forced to generate the one (1) number I want (the year's items' prices + any buyer shipping charges - sales tax) and put that one (1) number on the first line of the 1099K.

For this year I generated transaction reports for each month and added up the SALES numbers (not the Sales-Fees numbers that eBay so helpfully generated on the monthly transaction Summary pages).

[dhbookds]

have 1099's been generated for 2022 yet?  I don't get one, so can't tell that way.......but usually don't get them til the end of the month?

[wastingtime101]

Typically January 31st @dhbookds 

[dbfolks166mt]

     I have not received my 1099 for 2022 yet and it is not available online either but for the last two years the 1099's have matched perfectly with the numbers I pulled from the eBay report. 

     What may be causing your disparity depending on which report you are looking at are the year end sales. While certain reports may show those items as sold in 2022, depending on when the cash actually moved  they may in fact go towards your 2023 gross income. It's a result of the different between cash accounting and accrual accounting. 

     As an example the items you sold on 31 December would show as being sold in your monthly sales report but the funds were likely not actually processed by the financial provider and you did not receive the funds until sometime in early 2023. 

[spiro_scorpious]

would it be possible to just download a blank 1099 from the irs and fill it out with the numbers from your ebay sales reports? or does that even matter?

[slippinjimmy]

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@spiro_scorpious wrote:

would it be possible to just download a blank 1099 from the irs and fill it out with the numbers from your ebay sales reports? or does that even matter?

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What????????

The purpose of the form if for the IRS to be notified of the amount of transactions eBay has processed for you. It's purpose is to ensure that YOU report what they already know. You do not need the form to file a Tax Return.

[wastingtime101]

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@spiro_scorpious wrote:

would it be possible to just download a blank 1099 from the irs and fill it out with the numbers from your ebay sales reports? or does that even matter?

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Hey @spiro_scorpious. That's not how 1099s work. This page is a great reference for 1099-K basics:

https://www.irs.gov/businesses/understanding-your-form-1099-k

The main idea behind a 1099 is to prevent tax evasion. The company that sent payouts to an individual (in this case eBay) is the one that submits the 1099 to the IRS, that way the individual (in this case sellers) cannot avoid reporting that income when they file their taxes. The IRS knows what they received.

[dbfolks166mt]

would it be possible to just download a blank 1099 from the irs and fill it out with the numbers from your ebay sales reports? or does that even matter?

This would be asking for trouble. You may need to seek professional tax advice.