Viewing a single comment thread. View all comments

Various-Category4642 OP t1_j6ohxwo wrote

Reply to comment by nothlit in Issues with my eBay 1099 form by Various-Category4642

Where would I report expenses such as fees and cancellations that were included in the total on the form?

1

nothlit t1_j6oir04 wrote

https://www.irs.gov/newsroom/form-1099-k-frequently-asked-questions-general

> You should include all fees (e.g., selling fees, payment processing fees, etc.) associated with the sale of your personal items in your basis when computing your gain or loss on the sale. See Publication 551 for additional information. In general, you should adjust your gain or loss on the sale of your property by the amount of expenses and fees paid to facilitate the sale.

1