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Registered
Join Date: Jul 2001
Location: Cave Creek, AZ USA
Posts: 44,726
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Mrs. Lee got a 1099 from PayPal and keeps bad records. Now what?
I warned her this was going to happen and today it did. She has an encyclopedic knowledge of what stuff can sell for on eBay and some Chinese fashion chat boards. So she finds bargains and flips the items. She had $29k in PayPal "income" and she has a shaky Excel sheet on what she paid for most items, eBay and PayPal fees paid, shipping and that's about it. There's probably 20 miles for each round trip to the post office. She's had plenty of disputes and returns too. How does she reconcile this? And what's the best way to keep it all straight going forward?
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2022 BMW 530i
2021 MB GLA250
2020 BMW R1250GS
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