End of year taxes
by Seller_bM1QxwJKTr8qa
As Im assuming youll be able o tell from my question, I am new to selling. So I downloaded my 1099k from the tax library which obviously gives me all my sales. Where can I get all of the fees I paid to amazon? Also, does this 1099 include returns or is that something I need to figure out? Thanks for the help!
Tags: Taxes
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Seller_olet7eVOHxQZd
In reply to: Seller_bM1QxwJKTr8qa's post
The 1099K is everything that was billed to the buyer. It is a form used by credit card processors.
You will need to run other reports that will show all the fees etc that Amazon charged. We use the bi-weekly statement. Then you prepare for your Sched C.
If this is your first time, you should use a tax professional/CPA.
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