Client received a 1099-K for the sale of sporting goods which he owned personally.  As I see it the only way to report, and avoid taxation, which is appropriate, is to file a Schedule C and report the gross proceeds as cost of goods sold.

Setting up the Schedule C is actually misleading as the taxpayer is not engaged in a trade or business.  

Have any users come up with another solution?

 

Thanks

 

 

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