I have a store on Reverb.com that I sell my used personal musical gear. I purchased all the gear new at retail, but eventually sell it as slightly used for a loss. I received a 1099-K for the income I received for selling this gear. I am trying to figure out the best way to offset this income. It is a considerable amount at $26,000 or so. But I initially paid almost $34,000 for the gear throughout last year. Any help would be appreciated.
