1009-K Confusion

[dgoodspeed]

Hi there!  Oklahoma resident and a little confused on the 1099-K form that I think I might be getting this year. 

When those are calculated does it take into account returns?  So for example does it just take everything you sold or a snap shot of what the final amount of real sales/money in your pocket?

I’m having a hard time finding an answer and also is there a good solution out there that would take all your PayPal transactions, cost of supplies, etc and work up your profit and loss statement?  I’m just a small time collector and seller and I know I should do better on tracking things like this but I don’t. 🤷‍♂️

Thanks!

[koalasfouru]

it's the gross payment only on the 1099-K forms and maybe you should look into accounting programs like quickbooks.

[dgoodspeed]

Yeah I have done that tonight and will start sorting it all out.