"American Rescue Plan".... If that isn't the worlds biggest oxymoron, I don't know what is. This is going to cause major headaches for millions of low income folks.
I have read every reply above and no one clear answer was given. I think there were a couple different places on the Schedule C to do this and the last line in the reply above mentioned a Schedule D. SMH!
Here is my simple scenario: I purchased a few rolls of silver coins over the years at various trade expos and do not have any receipts. I sold them this year on eBay for 826 dollars and actually sold them for what I paid for them in the first place. I will get a 1099K. Where should I put this info and where do I put the negative amount so I don't have to pay taxes since I didn't make a profit?
Build Back Broke!
