1099K question - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Platform Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 01-03-2015
Junior Member
 
Join Date: Jun 2013
Posts: 122
Thanks: 0
Thanked 14 Times in 12 Posts
Activity: 0%
Longevity: 63%
iTrader: (0)
Default 1099K question

Trying to get a jump on gathering all my tax info up for the year, I have a question about the 1099K, this will just provide me with the amount of credit card transactions correct? I will still need to run my reports to get my total sales for the people that paid by echecks and such right? From what I have read I think that this is correct that it only shows the amount that people paid via credit cards but I could be wrong there is so much jargon out there on the tax sites that its hard to be sure.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 01-03-2015
Senior Member
 
Join Date: Jan 2014
Posts: 265
Thanks: 6
Thanked 29 Times in 28 Posts
Activity: 0%
Longevity: 59%
iTrader: (0)
Default Re: 1099K question

Just print out your 1099 and give it to your accountant when ever it become available on PP site. He/She will figure it out for you on how to estimate CC/Echeck payment.
Reply With Quote
  #3  
Old 01-03-2015
yankee's Avatar
Executive [VIP]
 
Join Date: Nov 2013
Posts: 8,983
Thanks: 2,744
Thanked 3,109 Times in 2,282 Posts
Activity: 0%
Longevity: 60%
iTrader: (2)
Default Re: 1099K question

You are correct.
1099K is just the gross amount of credit card processing.
Echeck, paypal balances, lines of credit, instant transfers, etc... all are not included.
Reply With Quote
Reply




Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Received Paypal 1099K without a SS# on it BeAwesome Subscriber Discussions 3 01-30-2014 12:27 AM
1099k Tag123 PayPal Talk 11 10-18-2013 09:55 AM
1099k question - zhan Amazon X 6 10-03-2012 11:36 PM
Question for those who recieved a 1099k fa'a Junior PayPal Talk 1 06-24-2012 09:41 AM


Aspkin Group

All times are GMT -5. The time now is 01:03 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58