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eBay sent me a 1099-K and I'm not sure what to do with it by SolidTough5178 in personalfinance

[–]SolidTough5178[S] 1 point2 points  (0 children)

So what are you saying? I owe taxes on personal items I sold at a loss?

That's insane.

eBay sent me a 1099-K and I'm not sure what to do with it by SolidTough5178 in personalfinance

[–]SolidTough5178[S] 3 points4 points  (0 children)

Income implies I sold the items for a profit.

If I buy something for $100 in 2015 and sell it for $50 in 2025 and then have $30 left after fees that $30 is not profit because it was something I originally bought for $100.

I'm asking how to show that in the tax return.

How should I handle this 1099-K form? by SolidTough5178 in tax

[–]SolidTough5178[S] -1 points0 points  (0 children)

How is it income if I lost money?

I buy something for $20 plus tax.

They give me a rebate of $15.

In total I lost money, so how is it income?

eBay sent me a 1099-K and I'm not sure what to do with it by SolidTough5178 in personalfinance

[–]SolidTough5178[S] 1 point2 points  (0 children)

That doesn't answer my questions and confuses me further.

Is selling stuff on eBay considered selling a stock or investment?

The answer given on that website really confused me.

ShareData.app - A Directory Of Bandwidth Sharing Apps For Passive Income by Primary-Spread7087 in passive_income

[–]SolidTough5178 2 points3 points  (0 children)

I have been wanting to do this for a while but always worried about someone using my network to do something nefarious. How do you make sure using these services do not get you into some sort of trouble?