I am in the same situation. Reselling clothing and other home items with no intention of profit. I am not a business, just a mom trying to get by. I did get 1099K from Paypal. I found many receipts but not all as some of the sold items are very old. The receipts I found, plus ebay, paypal fees and always free shipping put me at a loss not gain. I have it all calculated on paper and saved these materials in the folder. I went through a lot of hassle collecting this evidence. One question as the person before me asked... If I am not a business, reselling my own pre-owned items for NO profit and I am at a loss, WHAT turbo tax product shall I use and do I actually need to report that 1099K? If I ever get audited, I will have proof of loss. Thank you.
