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

Paypal stinks big time leave ASAP!!

eag618 OP76 posts08-06-2021 5:33pm..... and "Builder 3" I'm 66 and have been running the same business locally for close to 30 years, we do over a $Billion with steel.I understand taxes, the economy and how things work...this is Bullshit.
So if one sells their 1 year old Porsche 911 for zero profit and gets out of it, is that "taxable income" I think not.

What are you bitching at me about? The IRS only cares about one thing, taxable income. Show them proof that it's a loss and not a gain, they'll go away.For somebody that professes to know so much, you're the one that came on a stereo forum, of all places, and asked "now what?". Deal with, it's not complicated. If you don't know, hire someone that does.

Tough room...
There are no friends in court eag618 (old hippie saying)
I'm just saying

It seems to me, you are a small business

eag618

Stick it to the IRS.   Happy Listening!