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Self employed
Thanx, but that still means I have to revamp my whole bookkeeping system. Some of the eBay income may be from consignments, which means I have to deduct those payments - but I can't just deduct all consignment payouts, because some of them might NOT be from eBay... It still sounds like I am going to have to make up a whole new records system (or TWO) - within the next 2 weeks - in addition filing my income tax AND quarterly Sales Tax. Not a welcome development.
Isn't there some other way? What I have been doing the past few years, while 1099-K forms were being issued, but NOT REQUIRED, was fine and accurate - but now that is invalid? I have to redo my whole system around this redundant form?
‎April 3, 2023
1:23 PM