2024 PayPal and Shopify 1099

[retrogameboyz]

it seems this question has been asked - but we never get a good or straight answer.

This is my first time receiving a 1099 from Shopify - however during 2024 - Shopify was also processing PayPal transactions. I also received a 1099 from PayPal.

I don't want to report more than I actually made.

So my question....

Does my Shopify 1099 include the gross sales that were paypal transactions?

If yes - then I make sure to subtract my PayPal 1099 reported amount

If No - then I treat bother 1099s separately and report those amounts - minus my expenses.

Someone with knowledge of this topic please respond

Thank you

[retrogameboyz]

ChatGPT says: - but I want to make sure.

No, Shopify’s 1099-K does NOT include gross sales processed by PayPal. Here's why:

How Shopify Reports 1099-K Sales

• Shopify 1099-K only includes transactions processed through Shopify Payments.
• If you accept payments via PayPal, Square, Stripe, or another third-party processor, those transactions are NOT included in Shopify's 1099-K.