OT: IRS Paypal Tax Situation - Net54baseball.com Forums

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10-17-2016, 10:40 PM

egbeachley egbeachley is offline

Eric Bea.chley

Join Date: May 2009

Posts: 920

Quote:

Originally Posted by PhillipAbbott79

. It is highly unlikely that they can prove exactly what you sold, and prove exactly what you bought them for, if you paid cash.

Phil

You're right, the IRS can prove anything. But they don't need to, it's up to you to prove to them how much you paid for the cards. If you can't prove then they assume the entire amount is profit.

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