Any income you make on electronic pay that totals $600+ a year means a tax form from the government. PayPal, EPay, Venmo, EBay, etc is not considered income. I’m having trouble trying to get rid of stuff I bought 20+ years ago with no recipes since it was all swapmeet stuff.
The above bolded statement is confusing as my understanding is the opposite
Unless you can provide receipts to offset the sales price and get the net income below 600.
I understand the receipt dilemma and might suggest, estimate (if allowed), or have friends make you receipts from Joyhn Walters, George Sides, Jim Inzauro etc. those would allow you to show a loss
I can only imagine the nightmare this will create for individuals as well as CPA's, not to mention the CPA will probably charge 600 to do the flippin forms, wonder if that's an allowed deduction from "SALES" income
