ARE THE REFUNDS REFLECTED IN THE GROSS INCOME IN THE W9?

HUGO619
New Community Member

THANK YOU

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1 REPLY 1

PayPal_AshleyP
Moderator
Moderator

Hi HUGO619,

 

I appreciate you reaching out for assistance and would be happy to help answer your question!

 

The dollar amount shown on the Form 1099-K is your total gross payments received for sales of goods or services that were received through PayPal for the previous calendar year. As required by the IRS, this amount includes all fees and/or payments associated with your sales, including shipping fees or sales tax received. As the dollar amount on your 1099-K form is a gross amount, any adjustments for credits, cash equivalents, discounts, fees refund amounts or any other amounts will not be netted out. 

 

I hope this helps to clarify!

 

-AshleyPHeart

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