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Old 03-29-2013
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Default 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.
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Old 03-29-2013
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That would be a great question for your Tax Professional.
Old 03-29-2013
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Should be before taxes...
Old 03-29-2013
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normally it would be before fees and you have to keep track of all that fun stuff
Old 03-30-2013
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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.
Old 03-30-2013
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Time to look at the below site

Internal Revenue Service

User friendly and run by tax professionals.

Then take professional tax advice
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