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1099-k How to deduct for cost of goods sold if you lack receipts.

jimichrome
Contributor

1099-k How to deduct for cost of goods sold if you lack receipts.

Being from MA with well over $600 in ebay sales thru PayPal for 2018 I'm wrestling with how to deduct for cost of goods sold. The items I sell are from yard sales & flea mkts where receipts are usually not obtained. Can I use a standard deduction to address my current situation?  thank you for any suggestions.