E-Bay/PayPal Sales Tax Question - Net54baseball.com Forums

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04-17-2020, 03:29 PM

cardsnstuff cardsnstuff is offline

Tony

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Join Date: Apr 2016

Location: Home of the SB LII Champs

Posts: 356

Quote:

Originally Posted by Bicem

Total gross $'s inclusive of shipping, sales tax, etc is reported.

(Then it's up to you to declare the actual profit made on the gross sales)

Are you sure? I had called paypal when this first started and they told me all monies {except f&f} are included in the 1099. I haven't done my 2019 taxes yet so I can't for 100% verify this, yet. If you see your paypal transactions I believe it's recorded as "tax collected by partner" so you can separate it out.

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