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1099K from Facebook and eBay sales
Hello! I am a collector of action figures and have amassed quite a few over the years. I routinely had bought and sold (usually at a loss when it was all said and done after fees and shipping) compared to what I usually paid. I know that since I collect and sell high end (expensive) figures that I will hit the thresholds. What do I need to have prepared to show that I took a loss on these? I intentionally don’t sell over what I paid for things so that I don’t take a profit as the intent of me selling them is to buy different ones not run a business or make a profit.
August 31, 2022
9:18 AM