I got a 1099k on my real name/ss but address on the forms/ebay is totally ⊗⊗⊗⊗ ie far away apartment building where I have never lived.
My question is: Should I change/edit the address on the forms (corrected) when submitting to IRS or leave it?
Will IRS give me problem about unkown address coming from ebay?
The complete step-by-step guide to get back to selling today!
IRS does not care about your address on 1099.
People move and that was a prior year 1099 address,IRS does not need that address,it is the 1040 address which matters if itis going to send out refund check or notice you will get an audit
If you don’t have a corporation all you will do is put the the number from the 1099k on your gross sales line for schedule c (plus any other 1099 received & cash recites etc)
Basically make sure total sales reported is equal or more than total of your 1099ks …
B) I have received 1099k from Amazon with random address but same state
With no problem For years
C) I suggest you make sure it’s the same state otherwise “can” cause problem on state side
D) it’s too late to change it now
Unless you go on chat , get to mp
Have them revise it
EBAY,AMZN,PAYPAL etc when they send you a 1099K,they send the same copy to IRS at the same time,there is no need for you to send any.
JUst make sure you report what is on 1099K and dont forget to substract refund,shrinkage .on your tax return
but you could also have cash sales which are not in 1099,SMALL DISCRepancy does not matter,IRS is looking for big fish.
One problem is state audit,as they compare your sales record with your bank deposit,if not on your sales ledger ,if not SS,Insurance claims,inheritance ,rebates.pension,wages,then it must be cash sale and you have to prove otherwise
I like have 2 accounts under my name /ss. But received two separate 1099k.
How do I fill the schedule c: combine the total of both or fill out two scedule c forms/.
I like have 2 accounts under my name /ss. But received two separate 1099k.
How do I fill the schedule c: combine the total of both or fill out two scedule c forms/.
If you're really unsure on how to do this, get a tax guy to do it.
I made mistakes before and got a letter of adjustment from IRS 2 YEars later and they billed me even higher.
I like have 2 accounts under my name /ss. But received two separate 1099k.
How do I fill the schedule c: combine the total of both or fill out two scedule c forms/.
Yes add them up
As long as total reported on schedule c is equal or more than the
1099k combined you are fine
No need to do separate schedule c for each 1099
You only do separate schedule c when nature of business is different
Irs has a long list of business type with 6 digit code you are suppose to put on
Your schedule c
If you got 1099k from PayPal & another from eBay
both for online sales
You just do 1 schedule c
If you got 1099k from PayPal for your construction business &
1099k from eBay for online sales
You need to do separate schedule c
I suggest you hire accountant to do your taxes
To get all the deductions etc
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1099k address 
