Sold on eBay at below price I paid for items. Loss?

Question2022 · ‎August 31, 2022

What if I sold items on eBay at a loss but I don't have the original receipts showing when I bought them or how much I originally paid. Can I still claim a loss on my taxes?

EricE_CPA · ‎August 31, 2022

Hi Question2022

Under IRS regulations regarding "Burden of Proof"
" You must be able to prove (substantiate) certain elements of expenses to deduct them. Generally, taxpayers meet their burden of proof by having the information and receipts (where needed) for the expenses."

see link:

Burden-of-proof

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Sold on eBay at below price I paid for items. Loss?