new 1099-K rules

[ngrow9]

Originally Posted by BobC

You could keep a log, especially when you purchase something like at a show where probably won't get a receipt. But for purchases from say Ebay or AHs I would definitely print out and keep invoices and receipts. If nothing else, it would show an IRS agent you have independent documentation for at least part of your activities, and make it easier for them to maybe then accept you records to the activities you couldn't get receipts for.

Thanks Bob. Easiest thing moving forward is probably just to download all of my purchase history from eBay each year. Appreciate the help!

[BobC]

Originally Posted by ngrow9

Thanks Bob. Easiest thing moving forward is probably just to download all of my purchase history from eBay each year. Appreciate the help!

Yup! I always used to use Gavelsnipe myself for all my Ebay activity, until Ebay basically locked Gavelsnipe out a couple years ago. When I heard the Gavelsnipe site was going to be permanently shut down effective 6/1/2021, I started a thread on here back in April, 2021 warning people about the pending move so that if they had sales data they wanted to save from the site, that they better go on and save or grab it somehow before the shutdown. I personally had set up over 18,000 snipes on Ebay through Gavelsnipe, that resulted in approximately 3,000 auctions I had won on Ebay over the years. (I was stunned when I saw how the numbers had added up over the years) Was very glad I printed off and saved all the successful Ebay auction sales data from Gavelsnipe. I never usually did BINs on Ebay, so the Gavelsnipe data should cover almost all my Ebay activity through today. After they shut down Gavelsnipe, I really haven't been on Ebay much at all. Printed off a looooootttttttt of pages of sales data though. LOL

And I'm pretty sure the Gavelsnipe site is down, so you can't access records through them anymore. Good luck with your recordkeeping.