E-Bay/PayPal Sales Tax Question

[Bicem]

Total gross $'s inclusive of shipping, sales tax, etc is reported.

(Then it's up to you to declare the actual profit made on the gross sales)

[D. Bergin]

I had a real hard time finding the sales tax collected by Paypal and remitted to Ebay without going and reviewing each individual invoice.

It's been a couple months since I've done my taxes so if my memory serves me correct, there was only a couple months there when the remittance went from being collected directly by Ebay to being funneled through Paypal AND THEN to Ebay (it's like another fee......hooray!), so I didn't have a ton of invoices to go through, since I was pretty slow then anyways.

Anyways, it was way more complicated to find the numbers then it should have been. I really hope they get the reporting streamlined for next year.

[bcbgcbrcb]

Thanks, Jeff.

[Santo10Fan]

I can't help you with the details, but consensus is the messy eBay Paypal divorce is currently a sh*tshow that is soon to be finally done. I've been trying to get into integrated payments for a year but have heard nothing back.

[cardsnstuff]

Originally Posted by Bicem

Total gross $'s inclusive of shipping, sales tax, etc is reported.

(Then it's up to you to declare the actual profit made on the gross sales)

Are you sure? I had called paypal when this first started and they told me all monies {except f&f} are included in the 1099. I haven't done my 2019 taxes yet so I can't for 100% verify this, yet. If you see your paypal transactions I believe it's recorded as "tax collected by partner" so you can separate it out.

[Bicem]

Just going off of what's stated on PayPal's site which sounds consistent with what they told you on the phone.

https://www.paypal.com/us/webapps/mpp/irs6050w