OK since there are several experts here, I will ask this.
I'm selling items on Ebay like, a CD I bought in 1993, a LP I bought in 1981, an old stereo receiver I bought in 2003, a DVD from 2002 etc. You get the idea. There might be 100 of these types of items.
Does the IRS seriously believe I have to list each item with an accurate cost basis?
Sorry, but this is ludicrous and a waste of time, the best I can do is estimate what I paid for them and include shipping costs and fees.
I'm in VA and get 1099-Ks for as little as $600.
The only way to do this is to list as a lot on form 8949.
