I have a 1099-K from eBay, the source of most of my sales income. However, I do have lesser amounts from other sources. My bookkeeping spreadsheet, which has evolved over 2 decades of changes in eBay and elsewhere, includes ALL my sales. My system is set up to account for eBay Payouts, customer paid and actual shipping costs (not always exactly the same), consignment payouts, and occasional sales State Sales Tax payments.
If I enter the 1099-K amount in TurboTax, then I can't use the "income" amount from my spreadsheet, as that will duplicate MOST of the sales income! Is there any way to sort this out, aside from building a new bookkeeping system from scratch to separate eBay from everything else? It is all ONE business with shared expenses, so how do I fill out Schedule C without including eBay payments??
