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Received 1099-K from Ebay. Was doing a side hustle buying and selling toys, but I did not make a profit.
I Received a 1099-K from Ebay showing the gross income. However, I was doing this as a side hustle selling some personal items and did some buying and selling trading cards/toys. I did not even make a PROFIT!!! I do not want to create a LLC, but should I? How do I not pay taxes on the gross amount when I did not make a profit?
‎February 5, 2025
12:54 PM