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Financial summaries
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The "Financial Summary" report includes, "sales activity, fees, dispute activity, transfers, purchases and other account activity with beginning and ending balances." So that would include even friends and family transactions.
If you want to look at what is included towards the 1099K reported to the IRS which excludes friends and family payments, go to Tax Statements of the Reports page. If you don't see a report there, it means that you didn't meet the thresholds (200 transactions/over $20k in gross sales receipts) to get one which according to you, only received $12K.
Kudos & Solved are greatly appreciated. 🙂
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The "Financial Summary" report includes, "sales activity, fees, dispute activity, transfers, purchases and other account activity with beginning and ending balances." So that would include even friends and family transactions.
If you want to look at what is included towards the 1099K reported to the IRS which excludes friends and family payments, go to Tax Statements of the Reports page. If you don't see a report there, it means that you didn't meet the thresholds (200 transactions/over $20k in gross sales receipts) to get one which according to you, only received $12K.
Kudos & Solved are greatly appreciated. 🙂
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What the rep said is correct, the yearly "sales" total, as in the "gross" in sales, not everything in total.
Kudos & Solved are greatly appreciated. 🙂
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