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#11
03-06-2024, 12:17 PM
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I used to do my taxes with pencil and paper, Turbo Tax was
too expensive. Then a couple of years ago. I got a 1099-K from eBay reflecting 50K in sales. I immediately went to a CPA firm. There are many ways to deal with this, but we decided to go with Schedule C. As Calvindog points out, there is a ton of legwork, but there are also so many legitimate "expenses" including cost of inventory. And it gets easier and more routine every year.
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