Does the 1099K Tax form include refunds and fees?
CalmMix
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Posted on
Mar-03-2016
10:02 AM
Just wanted to understand if the 1099k tax form from Paypal includes refunds and fees. I download all my transactions into Quicken and the totals do not match up.
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eQSL
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Mar-03-2016
08:37 PM
NO, they report the Gross. And that caused me to get AUDITED. Beware. You are reporting a gross revenue that you never saw. Other credit cards report the NET after fees, while PayPal reports the Gross that you never see.
CalmMix
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Mar-05-2016
05:20 AM

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