Statement breakdown for tax purposes

laraosmon
Contributor
Contributor

First year having a 1099 from paypal, didn't realize this would be an issue. I need to find a statement breakdown from paypal that tells me my total income separate from my total expenses. I found the statement in pdf and spreadsheet form, but I would literally have to go line by line and add up my expenses. Is there a place I can find the expenses added up for me and broken down separate from my payments into paypal? All my expenses will be either returns or usps shipping. Any help is much appreciated!

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1 REPLY 1

sharpiemarker
Esteemed Advisor
Esteemed Advisor

@laraosmon 

 

PayPal provides a reconciliation report and it shows all of the transactions PayPal has included in the dollar amount reflected on your Form 1099-K:

https://www.paypal.com/us/smarthelp/article/how-do-i-find-my-tax-form-1099-k-in-my-paypal-account-fa...


Kudos & Solved are greatly appreciated. 🙂
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