The 1099-K form from Reverb reports the unadjusted gross sales you received through Reverb Payments during the last calendar year. This excludes only Marketplace Facilitator Taxes remitted by Reverb. Any Reverb fees and any refunded orders do not reduce your total sales for the year. Additionally, Reverb does have to report every sale, even if it was refunded, per state and federal tax reporting rules.
It is always recommended to work with a tax professional for accuracy on tax reporting.
To access your Reverb Statements, you can follow the steps below:
- Head to your My Bill page.
- Under My Bills Select Export for each billing period of the calendar year.
- The CSV file will automatically download onto your device.
- Navigate to the file, and open the CSV with the program of your choice (Microsoft Excel, Google Sheets, Apache OpenOffice, etc.).