cozblc225
Returning Member

Get your taxes done using TurboTax

I contacted PayPal re the 1099K and they said the refund amount  was considered "Goods and Services" and it is taxable.  I disagree with their explanation, but not much I can do since it was reported.  Given that I don't own a business and its not a business expense, what is best way to report it on my taxes?  Thanks in advance!