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!
