Ok so what if I have a 6 figure 1099K from paypal but it was all from investment day-trading deposits and withdrawals in which I had a net loss for the year?
So I did not receive a 1099 for investment profit but I did claim investment losses for the $3,000 carryover from year to year.
In summary, I have a large 1099K, no income forms anywhere except work W-2, and claimed losses on investments and zeroed out my 1099K (no profit earned).
This is appropriate, yes?
@DianeW777 @JamesG1
