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That is a hard one. You are going to have to have some kind of proof of what you paid, or the IRS is thinking that you have received 100% profit and is going to want a cut of it. The whole thing is a logistical nightmare for the average seller, who happens to be selling valuable items such as baseball cards.
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Thread | Thread Starter | Forum | Replies | Last Post |
IRS Changes...notice from PayPal today | OldSchoolBaseball | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 3 | 04-14-2011 04:48 AM |