Quote Originally Posted by wingzrow View Post
Well all of my ebay sales are tied to my paypal account, so after a certain amount of sales ( $20,000) they report that to the IRS.
Actually it works a little differently. They report you if you have received over $20,000 IN PAYMENTS. That means if you happen to sell something off of eBay for $100 it will be counted on the 1099K. This is why Paypal is reporting instead of eBay itself.

I have all my information on the online program called "outright" (which I highly suggest if you are self-employed and sell online like me), and that program has kept up with all my sales, and my expenditures for shipping and etc. You give them your Paypal and eBay account info and they import all the proper information automatically. You do need to manually put in other expenses like what you paid for things, and the amount you spent on gas if you are driving around specifically to find things.