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!
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Showing 2 responses by audioman58

PayPal sucks thsts why I don5 use them anymore
if you bought items if used ,taxes were already paid when new 
Was the product s new or used ? If used State that used products are bough5 at less then 50% retail on average

I switched to stripe , PayPal is so bad in many levels .
I was selling a $5k preamp the buyer payed for UPS 
to pack and ship 2 day to WI. After it shipped he changed his mind, refused ups attempts 3x , PayPal said he was wrong 
but still gave back all his money and stuck me with the$400 
inpacking, shipping , that was enough for me ,