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Monday, January 30, 2017

How Amazon Sellers Find Tax Form 1099-K

How Amazon Sellers Find Tax Form 1099-K

To generate tax document 
1099-K for Amazon, follow these steps:

1. Log in to Seller Central
2. Click on Reports, Tax Document Library
3. Click “Generate a Tax Report”
4. Report type = Summary
5. Enter Custom Date Range 01/01/2016 – 12/31/2016
6. Click Generate
7. 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.
8. The file that downloads is a comma separated file (.csv) that can be opened using Microsoft Excel.

Only online sellers who exceed the 
IRS thresholds will receive an IRS Form 1099-K from Amazon. However, all income earned must be reported to the IRS. Visit How to File Taxes for Selling Online for details on the IRS thresholds. Sellers who do not meet the thresholds can calculate gross receipts with the Annual Sales Report.