Monday, January 30, 2017

How Amazon Sellers Generate an Annual Sales Report

How Amazon Sellers Generate an Annual Sales Report

It is against the law not to report all income to the IRS. Whether selling on 
Amazon is your primary source of income, or simply a hobby, all income should be reported. The Annual Sales Report within Amazon may be used to calculate gross receipts as reported on tax form 1099-K. To generate the sales report:

1. Log in to Seller Central
2. Click on Reports, Payments
3. Date Range Reports (far right tab)
4. Click “Generate a Report”
5. Report type = Summary
6. Enter Custom Date Range 01/01/2016 – 12/31/2016
7. Click Generate
8. The status will state “In Progress”. After a few minutes refresh the page (hit F5) to see if the status is updated. If so, click Download.
9. This annual sales summary is useful in calculating gross receipts:

Seller fulfilled product sales + FBA product sales + Shipping credits + Gift wrap credits + Promotional rebates + Sales Tax


Only online sellers who exceed the IRS thresholds will receive an IRS Form 1099-K from Amazon. To generate a tax form 1099-K from Amazon, visit 
How Amazon Sellers Find Tax Form 1099-K.