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!
128x128eag618
In all seriousness, best of luck with your meeting on Wednesday. After the last year and a half none of us needs any more stress. Best wishes for a quick resolution.
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

@audioman58 if you are buying and selling gear online and you don’t use PayPal then what platform do you recommend? For me, any platform would have to be linked to my credit card for consumer protection purposes. Thanks. 
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 ,
Post removed