You should probably look at it differently. You will have to deal with them so I would learn to play their game. Yes, you made income but I highly doubt you made profit. You should take the deductions on the equipment you originally bought (higher dollar amount) and that should offset the sales proceeds from paypal.
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!
Fighting the IRS is not something I look forward to!