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PayPal tax didnt consider refunds
I have a paypal business and I recieved my 1099K form and the gross amount on the form was more than I actually recieved. I do a considerable amount of refunds and paypal doesnt deduct that from the gross amount so im getting taxed for the transactions I fully refunded. Say I had 35,000$ in gross amount and I refunded 10,000$ of the 35,000$ making the net/actual amount 25,000$, How would i go about filing it?
‎April 6, 2022
4:20 PM