Forum Replies Created
-
AuthorPosts
-
This is great news and as should be expected. I’d think that the 1099 from Managed payments should only include the payment we receive.
From your link, that page actually doesnt say what is included or excluded:
Your Form 1099-K includes the gross amount of all reportable payment transactions and does not include any adjustments, for example, credits, discounts, fees, refunds, or any other adjustable amounts. This means that the gross amount reported on your Form 1099-K may not be the final reportable amount on your tax return. You should consult your tax advisor for financial reconciling of this information.
What does “all reportable payment transactions” mean?
You mentioned in the podcast that the tax filing deadline has moved but don’t forget that the quarterly estimated tax payment deadline has not moved so your quarterlies are due the usual dates, for federal and most states (including Virginia).
Very true. Pay taxes as normal. …
So do you think next year eBay is going to send a 1099 that includes all the taxes, shipping etc? Unless a seller keeps track of each item as you do, do you forsee eBay helping understanding expenses from profit?
Turn off the automatic offers?
Yep, lots of freight forwarders:
https://www.google.com/search?rlz=1C5CHFA_enUS616US617&tbs=lf:1,lf_ui:3&tbm=lcl&sxsrf=ALeKk01xkX3FCdF-GxdloJxBoWHLfsZgxQ:1618186220373&q=doral+florida+freight+forwarders&rflfq=1&num=10&sa=X&ved=2ahUKEwi2juG2tffvAhURUzUKHWdiBPYQjGp6BAgGEFA&biw=1420&bih=754#rlfi=hd:;si:;mv:[[25.866825199999997,-80.3153639],[25.780228599999997,-80.3846571]];tbs:lrf:!1m4!1u3!2m2!3m1!1e1!1m4!1u16!2m2!16m1!1e1!1m4!1u16!2m2!16m1!1e2!2m1!1e16!2m1!1e3!3sIAE,lf:1,lf_ui:3
I guess we’ll see. It would be very weird if eBay didnt show you what you’re paid and what they took out. Especially taxes: how would you know what sales taxes were paid when you didnt pay them.
Ultimately, its all a solvable problem. But will it be easy or hard.
I was also way off when talking about the first person who recorded a FOUR minute mile. (I said five minute mile). It was Roger Bannister in 1954: https://en.wikipedia.org/wiki/Roger_Bannister
You think eBay will send a 1099 and not tell us how much we paid in taxes (unless you download quarterly reports?)
Smart for eBay to incentivize eBay sellers to help each other. But that’s not much money.
Are packages still slow in March/April? Or just over xmas?
Well said. As a scavenger, we get to “collect” items, appreciate them, and then sell them. I like money. Money buys time 🙂
Congrats!
–If its a uShip mover, he/she will handle everything. Its “white glove” service. They likely ant to pack it themselves since they are taking responsibility for it.
–You use the code to confirm the pickup. Works very easily. The uShip driver will likely have you sign a form for themselves as well.
04/07/2021 at 2:59 pm in reply to: Question – fixed price item renewal insertion fees – no store #87315eBay really should just make listings free and make the money when you sell.
But we all had to do that math to see how much we should pay each month to keep a certain number of listings up. I agree that you should just dump your low dollar items. Less than $10/items are a real grind.
04/07/2021 at 2:32 pm in reply to: Question – fixed price item renewal insertion fees – no store #87312I doubt they’d adjust the bill. If you pushed it, they might give you a “goodwill” discount.
Sometimes, eBay has promotional “free listings” but they are not forever listings. Its just for the 30-day period.
You should read over eBay store subscriptions: https://pages.ebay.com/seller-center/run-your-store/subscriptions-and-fees.html
Sounds like you want a “starter store” which is $4.95/month for 250 fixed price listings.
Works for me. Might just be a temporary glitch on your end?
-
AuthorPosts