NDR - Question for anyone who's gotten 1099K's from e-BayArchived Message
Posted by Ohiostar on April 30, 2022, 8:33 am
I assumed that the $600 limit would be based on my net receipts, but having just gotten a notice from e-Bay that I'm crossing that threshold and haven't gotten nearly that much in actual payments, I assume now that it's based on a gross figure. That's fine, except I don't know what's included in that amount (e-Bay fees? shipping? etc), and their help page isn't entirely clear. If anyone has gotten a 1099K from e-Bay, just what, if anything, is included on it other than this gross total? I'm trying to figure out what I need to track myself (fees, shipping, etc) so I can start now and not leave it till the last minute. Any my tax person is as much in the dark on this as I am.