eBay Suspended & PayPal Limited Forums - Is the amount on the 1099k before paypal fees or after paypal fees?

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- - Is the amount on the 1099k before paypal fees or after paypal fees? (https://www.aspkin.com/forums/paypal-talk/58371-amount-1099k-before-paypal-fees-after-paypal-fees.html)

Hnguyenphi1981

03-29-2013 10:31 PM

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

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	03-29-2013 10:36 PM

That would be a great question for your Tax Professional.

Gamefreak

03-29-2013 10:39 PM

Should be before taxes...

Speeder33

03-29-2013 11:06 PM

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

Sandy D

03-30-2013 12:39 AM

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

03-30-2013 02:20 AM

Time to look at the below site

Internal Revenue Service

User friendly and run by tax professionals.

Then take professional tax advice
:peace:

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