Question

Multiple 1099-K Form For Online Sellers

Forum|Forum|1 year ago
March 7, 2025
1 reply
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How do you handle multiple 1099-K forms from different platforms while using the same inventory? How should this be entered when filing taxes? I sell on eBay and Mercari using the same inventory, so when I sell something off of one platform, I make sure to remove the item off of the other platform. You are required to input a beginning inventory and ending inventory for each 1099-K. I'm just so confused as to how this would be entered for both 1099-K forms, since my sales from the two platforms come from using the same

inventory.

TurboTax Live Self-Employed Online

KrisD15

To clarify, are you filing as a business?

If yes, then both 1099-K's would be entered as income for that business and that business would handle the inventory.

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C

cboros39Author

I'm filing as self-employed, sole proprietor. I don't understand how it would be possible to enter the same beginning and ending inventories numbers on the tax forms for both 1099-K's when I'm using the same inventory to sell on both platforms .

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cboros39Author

For example, let's say that on eBay, I had a beginning inventory of 30,000 and ending inventory of 22,000. This inventory gets entered on the cost of goods sold area. I receive a 1099-K from eBay with my gross earnings. I also receive a 1099-K from Mercari with the gross earnings. My question is how to go about entering the beginning and ending inventory on the cost of goods sold area for the Mercari 1099-K form when my Mercari platform uses the same inventory as my eBay. When I sell an item off of one platform, I'll then remove it off of the other. platform.