I don't know how to offset this form 1099-K from ebay. my gross was only 5263.00 and my expenses shown on ebay site were $1405. clearly putting me under the 5K threshold! Why are they reporting this gross amount and how do I offset this in my turbo tax deluxe software? Where?
Also, I only sell items I have purchased for my own use and am not a business. Do I have to list myself as a business in order to only show the net and not this gross amount? Do I say I'm a hobby seller, to claim expenses and ebay fees? I currently selected Personal item sales since that is the category that seems to be accurate for my situation. This whole situation is ludicrous! I appreciate your response. Thank you
