Thanks, your replay is quite informative. I’m not counting on any relieve from a disfunctional Congress.
The use of casual seller description should really be one-time seller. I don’t itemize deductions or operate a business, there forth, I don’t believe I qualify for use of Schedule A or C. As I understand your reply, my 1099-K gross eBay-related sales must be reported as “hobby income” and no deductions/adjustment are allowed for cost of item, eBay selling fees, shipping costs, packaging and misc. expenses. I do have very detailed records of the sales which amount to six transactions. Please confirm or correct my understanding.
