softballbomb
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Thanks, the IRS does not see each individual 1099-K on my tax return right? I list each one separate but when looking at my .pdf file of last years return, that...
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Thanks so much, since I have cash receipts too which I report in the same section as the 1099-K. Couldn't I eventually just deduct the 1099-NEC out of the cash ...
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I understand that, but was trying to simplify it a little. Here is my calculations which are just examples. I am comparing two years with only difference is the...
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Thanks for the screenshot, yes I think I do understand how it works.Starting inventory + purchases − ending inventory = cost of goods sold.Ive done all of that....
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I do believe its accurate, I just dont get how there IRS can basically tax my inventory that I bought with cash saved from previous taxed earnings. I know its n...
Activity Feed for softballbomb
- Posted Re: I received a 1099-K from my payment processor Shopify for my gross payment. I also received a... on Retirement tax questions. February 15, 2022 7:56 AM
- Posted Re: I received a 1099-K from my payment processor Shopify for my gross payment. I also received a... on Retirement tax questions. February 12, 2022 9:57 AM
- Posted I received a 1099-K from my payment processor Shopify for my gross payment. I also received a 1099-NEC from a customer who's transaction was part of the 1099-K I got. on Retirement tax questions. February 11, 2022 12:42 PM
- Posted Re: Inventory/Tax Question. Please Help! on Deductions & credits. February 4, 2022 8:25 AM
- Posted Re: Inventory/Tax Question. Please Help! on Deductions & credits. February 4, 2022 7:51 AM
- Posted Re: Inventory/Tax Question. Please Help! on Deductions & credits. February 4, 2022 7:29 AM
- Posted Re: Inventory/Tax Question. Please Help! on Deductions & credits. February 4, 2022 7:19 AM
- Posted Inventory/Tax Question. Please Help! on Deductions & credits. February 4, 2022 6:48 AM