Don’t worry, this is normal! As per IRS 1099-K instructions, we're required to report the gross amount transacted of payments that we facilitated on your account instead of your net earnings (i.e., income).
Gross Amount Transacted consists of:
- Fullscript processing fees*
- Cost of goods
- Shipping charges
- Sales Taxes
- Refunded charges
- All adjustments (if any)
*All sales tax and shipping charges are included in the fees charged to you by Fullscript. You will not have to pay taxes on Fullscript’s fees.