Hello folks,
Last year I was selling items on ebay and I received my 1099K form from Paypal.
I have two questions:
1. What about the purhases I have refunded. I mean buyers purchased items from me but later on have been refunded. Is this money calculated in my 1099K form as an income or paypal doesn't include the money received and refunded in the 1099K form?
2. My purchases refunds - Basically the same scenario but for purchases that I have made from another sellers but then I have been refunded. Is this money part of my gross payments report 1099K
I hope you guys got what I am taking about.
Thanks!
