I checked MP every week for a year using a custom spreadsheet (or 2). It reconciled to the penny, almost every time. The times it didn’t, it was my error – oops. So in fact, they were correct 100% of the time. It is probably the only thing about eBay I DO trust. I give it a cursory look now, not going to keep banging my head against the wall doing busy work.

Same with 1099’s over the years – spot on.

2023 will be the first time I have to deal with 1099’s I’ve been filing Schedule C for years but have always been under the 1099k threshold. Because I’m dealing with a relatively small amount of money (less than $10k in sales from any of the marketplaces, as long as the 1099’s are within a few dollars of what I expect them to be, I’ll use the 1099 numbers, since that’s what will be reported to the IRS.

I’m curious why you didn’t file electronically … especially because you’re expecting a refund! When I get a refund, it’s in my bank in 10 days or less … because I file electronically!

Solutions offered by OneSaas, integrated with QuickBooks work well for PayPal capture and account for some eBay fees in Managed Payments but ignore others. How will eBay sellers balance their books and file accurate income tax returns? How will sellers determine if eBay 1099-K reports are accurate?