Tax Return

karma4dharma
Community Member

on ‎30-11-2019 06:54 AM

Hi

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

Regards

0 Helpful

lyndal1838
Honored Contributor

on ‎30-11-2019 07:51 AM

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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karma4dharma
Community Member

on ‎30-11-2019 07:55 AM

It started as hobby and I was not thinking about tax returns.
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eol-products
Community Member
In response to karma4dharma

on ‎30-11-2019 08:26 AM

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

View solution in original post

karma4dharma
Community Member

on ‎30-11-2019 08:29 AM

Hi
Will do
Many Thanks
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karma4dharma
Community Member
In response to karma4dharma

on ‎30-11-2019 09:00 AM

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

0 Helpful

toynbook
Community Member
In response to eol-products

on ‎30-11-2019 06:22 PM

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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brerrabbit585
Community Member
In response to karma4dharma

on ‎30-11-2019 09:50 PM

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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