Possibly Recording losses

[BlueDuck14]

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.

[VolvoGirl · Accepted solution]

Was this for a business you are doing?  You can only deduct business expenses and purchases.  For personal you can't deduct losses.

[BlueDuck14]

I bought stuff and earned money on my personal account.

Regardless, thanks for letting me know.

[VolvoGirl]

Did you buy and sell stuff?  You might have to report it as self employment.  Then  you can show a loss.  Give more details.  Doesn't matter if it is a personal PayPal account.  It could be considered a business to you.  

[BlueDuck14]

What I bought most likely can't be considered business expenses or purchases. All those transactions I were personal. I never considered my personal account a business account in regard to the stuff I bought sold. Should I consider it as such though so I can file correctly?