Refunded transactions reflected on 1099-K Reconciliation

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asobiech
Contributor
Contributor
Posted on
‎Feb-23-2020 05:55 PM

If a past (business) transaction was fully refunded to sender, should it be reflected on your Paypal 1099-K Reconciliation?

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PayPal_Olivia
Moderator
Moderator
‎Feb-26-2020 09:02 AM

Hi @asobiech,

 

Thank you for your post! The 1099k reflects the gross received payments. Any adjustments for refunds are not reflected.

 

I hope this helps!

 

Olivia

 

If this post or any other was helpful, please enrich the Community by giving kudos to its author, accepting it as a solution, and/or coming back to assist others. Members make this Community great!

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PayPal_Olivia
Moderator
Moderator
‎Feb-26-2020 09:02 AM

Hi @asobiech,

 

Thank you for your post! The 1099k reflects the gross received payments. Any adjustments for refunds are not reflected.

 

I hope this helps!

 

Olivia

 

If this post or any other was helpful, please enrich the Community by giving kudos to its author, accepting it as a solution, and/or coming back to assist others. Members make this Community great!
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