Every year Amazon issues Amazon.com sellers a 1099-K. The first page shows the gross sales for each month and the second page shows how Amazon calculated unadjusted gross sales.

This article will walk you through which parts of the mappings in taxomate match up to the columns (e.g., Product Sales, Shipping Credits, etc.) on the second page of your 1099. Before we show you, here are some tips to keep in mind to get the amounts to as close as possible to your 1099-K.

Tips to matching taxomate data with your 1099-K

  • Amazon settlements are set to the UTC timezone, while Amazon 1099-K reports are in PST. Please make sure your timezone is set to America/Los Angeles in Settings > Connections. This will ensure transactions are set in the correct month/year.
  • When viewing reports in QuickBooks/Xero/Wave make sure your reports are set to accrual. If you are viewing the reports in Cash reporting, transactions will be shown in the month/year they were paid to you by Amazon (not the buyer). This may cause differences when comparing to your 1099-K.
  • We have seen cases where the 1099-K from Amazon did not match with the actual Amazon sales and settlement reports. This thread on the Amazon seller forum provides one such example. We strongly recommend contacting Amazon and/or speaking with your accountant if this is the case.

The transaction types below may assist you in setting up your mappings to match your 1099-K.

1. Product Sales

Product Sales matches with Amazon.com Order ItemPrice Principle.

2. Shipping Credits

Shipping Credits can be found under Amazon Shipping Income as Amazon.com Order ItemPrice Shipping.

3. Gift Wrap Credits

Gift Wrap Credits matches to Amazon.com Order ItemPrice GiftWrap under the Gift Wrap transaction category.

4. Promotional Rebates

When a buyer selects ‘Free Shipping’ for their shipping preference, Amazon's apply a charge for the shipping, and then credit. This credit is in the form of a "promotional rebate", equal to the initial shipping charge.

Promotional Rebates can be found under Shipping Income as Amazon.com Order Promotion Shipping.

5. Sales Tax Collected

The following transaction types under Tax match to Sales Tax Collected:

2020 1099-K

2019 1099-K

2018 1099-K

Amazon.com Order ItemPrice Tax

Amazon.com Order ItemPrice Tax

Amazon.com Order ItemPrice Tax

Amazon.com Order ItemPrice GiftWrapTax

Amazon.com Order ItemPrice GiftWrapTax

Amazon.com Order ItemPrice GiftWrapTax

Amazon.com Order ItemPrice ShippingTax

Amazon.com Order ItemPrice ShippingTax

Amazon.com Order ItemPrice ShippingTax

Amazon.com Order ItemWithheldTax MarketplaceFacilitatorTax-Principal

Amazon.com Order ItemWithheldTax MarketplaceFacilitatorTax-Shipping

6. PYOP (Amazon Pay)

PYOP refers to Amazon Pay. taxomate does not currently support Amazon Pay. However, we do have it planned in our roadmap.

Did this answer your question?