I downloaded all the transactions for the year, 2024 (January 1, 2024 - December 31, 2024) and added the amount and fee columns for tax purposes. The total is not the same as my 1099-K. It’s off by $479.43. Can anyone help? It’s hard to believe that Shopify does not provide a report that includes all totals necessary for filing taxes.
Topic summary
A user is experiencing a discrepancy of $479.43 between their manually calculated transaction totals for 2024 and the amount reported on their 1099-K form.
The Issue:
- Downloaded all 2024 transactions (January 1 - December 31)
- Added amount and fee columns together
- Total doesn’t match the 1099-K provided by Shopify
User Concern:
Expresses frustration that Shopify doesn’t provide a comprehensive tax report with all necessary totals for filing purposes.
Status: The question remains unanswered with no resolution or explanation for the discrepancy provided yet.