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eBay 1099K Sales for a Loss
I sold a large quantity of items on eBay in 2024 for less than the purchase price resulting in a significant loss. However, eBay sent me a 1099K showing the gross payments. I have created a lengthy spreadsheet showing the item #’s, sale price, original purchase price, and some additional information regarding where purchased and receipt electronic location. How do I go about filing this information so my 1099K total is not taxed as income?
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February 17, 2025
6:15 PM