Tax Return

Hi

How do I get total sales for past twelve months for tax return?

Regards

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Tax Return

As most sales are via paypal you can download a report for each year. 

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Tax Return

lyndal1838
Honored Contributor

You should have kept your own records.

If your turnover is high enough ebay will notify the ATO of your turnover but that includes unpaid items etc.

 

Try your paypal account and your bank account.

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Tax Return

It started as hobby and I was not thinking about tax returns.
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Tax Return

As most sales are via paypal you can download a report for each year. 

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Tax Return

Hi
Will do
Many Thanks
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Tax Return

Hi

Never done this before so just need some Help.

Going through Paypal download report of transactions,bit confused.

Ebay auction payment example.

 

Ebay auction payment  -$60 are my purchases?

 

Ebay auction payment   $60 are my items sold?

 

Regards

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Tax Return

yes, true. I downloaded the details from PAYPAL, and give a summary sheet to Centrelink to report my last 12 months profit on eBay.

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Tax Return

Your ebay invoices are available for 18 months so you can easily get your sales figures from there. Just go to Account and then to invoices. If you had any cancellations you can always see the refunds in paypal.
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