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<p>[QUOTE="Jim-P, post: 7407631, member: 118020"]Paypal generated a 1099-K on my tax year 2020 payments received from ebay sales. Now that ebay wants a bigger share of the transaction fees, they'll be generating Forms 1099-K. On the 1099-K I received from paypal, the total payments received includes paypal's transaction fees, payments received for shipping, and sales tax collected by ebay, as itemized on reports available on paypal's webpage. So the total shown on the 1099-K includes money that someone else got. I'll pay tax on the remainder after expenses, if there is any![/QUOTE]</p><p><br /></p>
[QUOTE="Jim-P, post: 7407631, member: 118020"]Paypal generated a 1099-K on my tax year 2020 payments received from ebay sales. Now that ebay wants a bigger share of the transaction fees, they'll be generating Forms 1099-K. On the 1099-K I received from paypal, the total payments received includes paypal's transaction fees, payments received for shipping, and sales tax collected by ebay, as itemized on reports available on paypal's webpage. So the total shown on the 1099-K includes money that someone else got. I'll pay tax on the remainder after expenses, if there is any![/QUOTE]
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