MP 1099-k

[vettefever17]

When will MP release a 1099-k statement? We are already 24 days into the new year. The regular monthly financial statements are awful to try to reconcile.

[agent006140]

I am still with Paypal,I have not received my 1099K,wait till February

[bytor3k]

They have until 1/31 to make your 1099 available to you.

[agent006140]

Originally Posted by vettefever17

When will MP release a 1099-k statement? We are already 24 days into the new year. The regular monthly financial statements are awful to try to reconcile.

Paypal used to have an annual summary,thats all we need to report taxes.
by now you should know how much is your annual gross
dont forget 1099K gross include your sales tax you collected and returns,refunds,you have to subtract it yourself

[vettefever17]

This is a very early adoption account. I have been MP for a while with this one.

[HurricaneHuntr]

my paypal 1099 came yesterday or today. i forget

[stealthnorris]

Has anyone gotten their MP eBay 1099 yet?

[vettefever17]

Yes, it should be uploaded to your financial statements. Deciphering those documents is NOT fun. That is coming from an accountant. If you have a mix of PayPal and MP documents, they calculate their totals differently.

MP reports every single dime that has pumped through the account even if it is refunded or lost. Be sure to reconcile your totals and use them as expenses.