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I live in Virginia and started selling some used personal property on eBay/Paypal (like a big garage sale, generally at a loss). How do I file a 1099K that Paypal sends?
Items have sold for less that $2K total, either at a significant loss or break even. Likely will be less that $4K for the year. Do I ignore the 1099K, or put it down twice (once as income and the value again as a cost/loss)?
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‎October 12, 2020
2:34 PM