Is the amount on the 1099k before paypal fees or after paypal fees?

[Hnguyenphi1981]

Hello Forum,

I have a very important question for you guys. I was wondering if the amount on the 1099k is before Paypal fees or is it After Paypal fees. In other words, if I see $5000 in March on my 1099k form, is that the amount I've received minus Paypal fees or am I supposed to figure out the fees myself and subtract it from $5000. Your informed answer is appreciated.

[MM78]

That would be a great question for your Tax Professional.

[Gamefreak]

Should be before taxes...

normally it would be before fees and you have to keep track of all that fun stuff

[Sandy D]

Your fees in most cases will be an expenses taken off the top at your book keepers.

Talk to a tax professional to make sure.

[GreenBean]

Time to look at the below site

Internal Revenue Service

User friendly and run by tax professionals.

Then take professional tax advice