Deductions to the 1099K form...
Chief444
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Posted on
Jan-25-2021
06:28 AM
Are there ways to deduct some costs from the 1099K form. I purchase all the items I sell on ebay, etc., so the profit from such sales is the cost of the item minus the paypal sale price. Not sure how to show this, when I look at 9,000 in sales it's deceptive since I would estimate I spent some 5,000 in purchase of said items. How do you you adjust this?
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