I was under the impression (from information posted on Paypals website) that ONLY sellers who exceed the 200 transactions threshold will receive a 1099-k.
I had not listed the 1099-K information because I had not received any 1099 at the time. In addition to this, my first year selling on eBay (and ultimately my last year selling on eBay) was not what I would consider successful.. After factoring expenses (cost of items for sale, shipping, eBay fees, etc), my income had become an outcome as I had more total expenses than total income.
Am I going to have to file an amended return for the 1099-K issue? I do have logs of all the transactions thankfully, but how do I include them in the return with the explanation of why they were incorrectly logged?
Thank you for the help
