Remember that what Amazon reports to the IRS are estimates. You may contest those estimates with sufficient proof that the market value of the reported item differs from Amazon's estimate. Screen shots of contemporaneous prices on eBay, Amazon, Wal*Mart for the same item would demonstrate market value. Also bear in mind that if the good in question is subject to recall by Amazon within 6 months of receipt before you may transfer it to another, you have received a leasehold, rather than full ownership. As such, the real value of what you received is the sum of a 6-month lease for the product on the open market + the residual value of the used good after 6 months of use.
