Q&A | Corporation Resgistration for eBay Drop Shipping, Taxes and 1099 from Paypal

577 views · Published 14 August 2017 · 4:44 · Indexed 26 October 2026

Channel: Marc Augustine · 2017 · Film & Animation

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EMail:
Hi Marc,

I just completed the free 1 hr video training, and have a few questions:

-Should I register my drop shipping business with the state and federal as a sole proprietorship, or another type of entity?

-Do ebay or paypal provide a 1099 form at the end of the year for filing taxes?

-What are some other bookkeeping information I should keep for record from my drop shipping business for filing taxes?

-Can I use my drop shipping business to write off business expenses from my taxes?

-Should I use a paypal personal account or business account with ebay?

-Should I create an account with all my suppliers in addition to ebay for purchasing orders?


Thanks,
Travis Johnson

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