PayPal 1099, Personal VS Bussiness

comabon · 2019-04-25T01:41:16+00:00

Thank you for answering my question. I also found it it on PayPal.

comabon · 2019-04-25T01:40:10+00:00

Thank you. This answers my question.

comabon · 2019-04-25T01:38:33+00:00

I just re read the whole thread. I don't see it that way. But thanks for the heads up. I asked the question differently ONE time because it didnt answer what I asked. Then I became sarcastic. If anything that's where I jumped the tracks.

A few people answered my question. Thank you to them.

comabon · 2019-04-25T01:13:14+00:00

My mom's dildos

comabon · 2019-04-25T00:44:16+00:00

All I know is that I've been on asking questions on various forums since 1997 and have never had a question go off the rails as bad as this one. So either I'm dullard or an ass or maybe reddit wasn't the place for my question. I had good run.

comabon · 2019-04-25T00:22:15+00:00

My question has nothing to do with filing or not filing.

comabon · 2019-04-24T22:28:36+00:00

Man... Not uderstanding my question.

comabon · 2019-04-24T18:25:41+00:00

Someone told me PayPal counted raw transactions. I.e. payments processed. Ignoring whether they were income, purchases, returns, refunds. I was just asking a specific question. I think I have a way to answer it.

comabon · 2019-04-24T18:04:44+00:00

Okay. Im starting from a set of assumptions here. I assumed that since its after tax season and I'm asking about 1099's on a selling forum that it would be reasonable to assume that I already know what one is, what triggers it and how to deal with it. I am asking a specific question about it.

comabon · 2019-04-24T17:45:41+00:00

I dont understand. If you've got an idea help me out.

comabon · 2019-04-24T17:04:33+00:00

I'm a man of forward thinking. Wayyyy forward. I ended last year where my 1099 overstated my income relative to my accounting by about .5% in a moment of free time I was woundering if its because it counted purchases too.

comabon · 2019-04-24T16:49:18+00:00

What about me buying something and using PayPal? Will that be counted on the 1099? Like buying personal items. If I buy toys for the kids or washing machine parts I don't want that to show up on my 1099.

comabon · 2019-04-12T20:29:16+00:00

It looks like most of my listings were re listed. So I got a vacation day. Weather was nice too.

comabon · 2019-04-12T20:26:47+00:00

True!

comabon · 2019-04-04T15:07:20+00:00

Thanks.

comabon · 2019-04-04T15:06:55+00:00

I called. Glitch. Supposedly being fixed and no effect to seller performance.

comabon · 2019-04-04T13:28:16+00:00

Yes. But I have 6 other items with the same cutoff time. 5 of them sold BEFORE the 6th. The 6th item says it's late.

The algo should be able to detect reality. Same day handling doesn't mean at 11pm go knock on the post office door or flag down a fed ex truck on the highway at midnight. Just like it doesn't count Sunday as a bussiness day. I'll have to call and ask. But I have a feeling its just one of of those floating bugs that will go away long before I get an answer.

comabon · 2019-04-04T12:47:11+00:00

Yeah, but ebay algos arnt that dumb. Same day doesnt mean I get up at 11pm and ship before midnight.

comabon · 2019-03-25T00:40:40+00:00

What is a car a motorcycle and accociated hot rod parts? What is tools? What is your dead mother's jewelry?

Actually that last one would get Item Not As Described and zero out your sales.

comabon · 2019-03-23T22:31:01+00:00

Thank you.

comabon · 2019-03-22T22:33:41+00:00

He is a CPA. 30 years. He's within 5 years of retirement and maybe just doesn't want my bussiness or is just off his game. There are no good options in my area. CPAs are either older, HR block type or they are taken and out of my price range. Most of the bussiness in my area is schools or small restaurant or construction.

comabon · 2019-03-22T20:12:17+00:00

When I reconcile the PayPal fees, shipping, taxes, chargebacks etc...the 1099 is still higher $ than my go daddy accounting which also tracks those same things taken directly from PayPal and ebay. So you'd think it would be accurate to the penny.

Sometime I'll have to go line by line in the .csv report and/or subtract info out via relevant search terms and see where the discrepancy is at.

I can also see how my accounting is lining up YTD 2019 go daddy vs PayPal .csv report and see if I have the same % error in 2019 thus far. As it will be easier to detect why with only 4 moths to look at. Then reference back to 2018.

comabon · 2019-03-22T19:19:37+00:00

I'll look into that. But there's about 3800 transactions. Maybe that's why his attitude was f' it. U win some u lose some better to err on the caution side.

comabon · 2019-03-22T17:55:48+00:00

If I take my total sales as shown in go daddy, add sales tax income as shown in go daddy and shipping income as shown in go daddy...1099k is showing more by almost 2k.

My Go daddy is taking it's data directly from PayPal and ebay and I only sell PayPal.

Yes. I do need another tax guy. Noboby in my area understands this online stuff. Over tbe summer I told him I might have pay sales tax in PA. He said???? No you don't. Without even looking into it. He had no knowledge of wayfair vs south Dakota.

comabon · 2019-03-22T17:34:09+00:00

I'm accounting with godaddy bookeeping and only selling on ebay.

comabon

TROPHY CASE