turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

TS-J
New Member

I sold items for a family member on eBay. I paid them a percentage of the money I collected. What do I send them to reduce the amount of money I will pay taxes on?

In 2017, I sold items on eBay that a family member owned.  I received all the payments on PayPal.  The items I sold totaled approximately $60,000.  I sent my family member the proceeds from the sales --- after subtracting costs like: fees I paid PayPal and eBay, my commission, and USPS and shipping material costs.

What (form) do I need to send my family member for the money I sent them?  Is there anything else I need to do?

Thank you,
Tim

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I sold items for a family member on eBay. I paid them a percentage of the money I collected. What do I send them to reduce the amount of money I will pay taxes on?

You would need to send the family member a 1099.  You will need to upgrade to TurboTax Self-Employed to do that.  As you walk through the Self-Employment section, you will come to a question asking if you need to issue a 1099 to anyone. If you answer yes, TurboTax will walk you through preparing the 1099 and you will also enter it on your return as a deduction to your income. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply

I sold items for a family member on eBay. I paid them a percentage of the money I collected. What do I send them to reduce the amount of money I will pay taxes on?

You would need to send the family member a 1099.  You will need to upgrade to TurboTax Self-Employed to do that.  As you walk through the Self-Employment section, you will come to a question asking if you need to issue a 1099 to anyone. If you answer yes, TurboTax will walk you through preparing the 1099 and you will also enter it on your return as a deduction to your income. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question