OT: IRS Paypal Tax Situation

[dougscats]

Scott,

Sorry to hear all this.
It so complicates/makes more costly the hobby of card-collecting.

As I may someday be in the same position, this thread is very informative and interesting to me. I realize now that I'm going to have to go about my record-keeping/accounting more professionally.

Fortunately, I have a hard-copy of almost all my ebay purchases over the years. I did also have a File for my Net54 transactions; unfortunately, I mistakenly deleted it a couple of years ago, and all those transactions are in cyber-space somewhere.

However, it occurs to me that I probably still do have records of many Net54 transactions in my Sent Mail file, so that might be a resource for you, too, if you're missing records.

And let me point out one bright side to your predicament:
You've been looking for a new project.
Now you've got one.

Hopefully, after deducting your COGS, you won't get killed.

Best.

Doug