Quote:
Originally Posted by Lorewalker
I am sure an accountant can give you a better answer but all payment processing entities have to provide a 1099K at the end of the year. Not sure what the threshold is for one being generated. You can generate sales reports already on ebay's site.
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My accountant probably isn't too familiar with the inner workings of ebay, but will be fine with me providing the total dollar amounts deposited monthly to my checking account from ebay IF ebay does not provide this 1099(I assume they will).
If you know where on ebay there is a report that matches the information contained on the "Monthly Sales" report found under the reports home on the paypal site, please tell. The "sales" reports on ebay are not only very inaccurate/inconsistent, but are also not set up to show "actual" income, just sales (paid for or not). My accountant seems to only care about actual funds changing hands and not about mere commitments to buy .