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THE IRS HAS TAKEN MY TRANSACTIONS VIA PAYPAL AND IDENTIFIED THEM AS TAXABLE INCOME

I had multiple transactions here and at US Audio Mart in 2019 and yesterday received a letter from the IRS stating the transactions were "Taxable Income" anyone else ever experience that with Paypal and now what?
Fighting the IRS is not something I look forward to!
eag618
tomic601's avatar
tomic601
13,732 posts
 
Attach a note to reply to IRS asking if a Manhatten condo, his and her Mercedes and private school for the kids counts as…. Wait for it…. Income 

you got good advice, claim hobby, document w receipt s the net loss and await a reply.
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tom6897's avatar
tom6897
1,484 posts
 
Its a scam no need to declare. The Russians have infiltrated the IRS.
noromance's avatar
noromance
10,475 posts
 
You probably will pay more tax on your audio sales than Bezos pays in a year!
Someone posted that same thing recently.  I can't believe the irs is hunting down private sales on used items that were already taxed once. 
schubert
7,386 posts
 
Only country in the world that taxes its citizens when you live and work in another country ,
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