Deposits from checking on 1099?
amycats2
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Posted on
Feb-12-2019
01:59 PM
Once a month I transfer money from my personal checking to my Paypal account. Do these deposits show up in the sales figure on my Paypal 1099 form? Or is the sales figure only from eBay sales, shipping costs, etc...?
Thanks!
Amy
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Tax Documents
1 REPLY 1
sharpiemarker
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Feb-12-2019
02:20 PM
No, it shouldn't count add money transfers to your PayPal account as part of the 1099K requirements. Only gross of sales transactions. Shipping/Handling, etc have to be claimed as expense off the gross in your taxes where applicable.
Kudos & Solved are greatly appreciated. 🙂
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