I recieved the 1099k statement from Paypal which says I sold 24k of items, the form sas I paid no state or federal tax on this amount. It increased my tax bill becuase it looks like you didn't pay anything, the reality is I made 5k of of the 24k, that is what I should be taxed on, otherwise the 24k tax is higher than what I actually earned from selling. SOmewhat confusing, can anyone offer guidance here. Thank you
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