Hello TurboTax Community
I Bought more stuff on my PayPal account this year than I earned money wise.
Is this considered a net loss?
If so, am I able to file it as such in my taxes?
If not for either question, then that's fine. I was just curious.
Was this for a business you are doing? You can only deduct business expenses and purchases. For personal you can't deduct losses.
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