I Need help to understand better my 1099k
I need to understand better how does Amazon process the reports to create the 1099-k for my store. I am off the gross income on my end and they have more on the 1099-k. how can I get those reports from amazon to fix it on my end?
9 replies
Seller_nRFmxiQg4EGrw
Amazon (but AFAIK, no other online site) includes on the 1099K the amount of taxes collected under marketplace facilitator laws. This amount is listed on page two of the form.
That amount does not show up as income on your reports.
Be sure to deduct this amount on your taxes.
Seller_xo4Akj7FBBnfC
You can review the Information Page attached to your Amazon 1099-K, or see THIS DISCUSSION for details.
Micah_Amazon
Hello @Seller_e7650aNHzWUqv,
Thank you for reaching out. While I am unable to provide specific tax advice, I have provided several resources below with more information on Amazon tax guidelines.
Also, it looks like @Seller_nRFmxiQg4EGrwand @Seller_xo4Akj7FBBnfChave both provided some great guidance and information about your inquiry.
If you still need additional assistance, feel free to open a seller support case as well.
Cheers,
Micah
Micah_Amazon
Hello @Seller_e7650aNHzWUqv,
Hope all is well. I wanted to follow up and see if you had any additional questions with the 1099K.
Looking forward to your response.
Cheers,
Micah
