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

At least they left your caps lock key.

lmao

Just wondering how much could the tax on the profits of two Primalunas a pair of Klipsch and some Jolida piece be? I get that it sucks but if you can't prove your loss just pay up. Maybe if the IRS had actual funding they wouldn't need to go after audiophiles.

It happened to me. I would like to know why, if I buy a component or speakers ect. at a local hifi shop, pay sales tax, and then sell that item later on, how is recouping some of the money I paid for the item (at a loss) considered income and what happened to the tax I paid at the time of purchase?

@eag618 I guess the good news is that you may be able to take a home office deduction and deduct other expenses involved in selling audio gear. I guess those of us who may get a 1099K, we are now all dealers?! Disclaimer: I am not a CPA, EA or other tax professional. Check this out: https://www.cnbc.com/2021/03/26/its-going-to-get-harder-to-avoid-telling-the-irs-about-income-from-o...

Viridian,That was funny as hell!