1099-K from PayPal (tax form)

You’re being stuck/1099ed for supposed, "profits".    The only option is filing a long form (a 1040, the long way); deducting whatever might be considered, "business expenses".    ie: https://www.irs.gov/businesses/small-businesses-self-employed/deducting-business-expenses      Only you can determine if it’s worth the time/effort (possibly: business license, contacting tax attorney, etc).                             Remove the space between, "the" and, "IRS"; to find the government’s foundational attitude, toward your finances.

Whatever you do, don't forget it... Only time I was ever audited was behind a "NEVER SENT" 1099, to me.. but was sent to the IRS, 7 year later, the audit, then the state stepped in.. Before it was over, a 3300.00 misplaced 1099 was over 18,000.00 USD. To the Fed and State..

Oh they offered a payment program.. LOL I had the payment served to the two agencies, they had to sign for their money.. Actually my money..

Tea party 101, man I was a pissed off publican. 25 yeas ago, I was trying to pay off a hospital bill for my kid still. A little over 100k.. That took 12 years.. He's all good now.. :-)

I paid a lot of STATE taxes through EBay last year, too. Close to 11% on every single purchase. NUTS HIGH taxes..

They all collect taxes now. I just wonder if the state is getting it? I'll bet there is a LOT of "Tom Foolery", with the funds.. just too much money NOT to get messed with..

You aught to see Weed taxes in CA.. over 20% + state taxes.. THIEVES!

Regards

"You aught to see Weed taxes in CA.. over 20% + state taxes.. THIEVES

oldhvymec-It ends up being 30% when the cashier takes your money. Talk about a buzz kill!