I sold some old video games we found in my parents garage last year online, and accepted payment for the items via paypal on behalf of my parents. I then wrote a check to my dad for the amount, minus expenses I paid to have the games graded/shipped/etc.. Paypal sent me a 1099k, however, I did not actually profit from this sale, just used my account to accept payment then transferred the money to my dad. The games sold for a little more than $30k.
How should I go about reporting this? Do I need to ask for money back from him to pay taxes on it or just make sure he claims it on his tax return?
Thanks
