I received a compliance question, and I'm not aware of the best way to
deal with it.
X inherits an object and sells if on eBay for less than the tax basis.
But eBay sends a 1099.
This apparently is a one-time sales, so would Schedule C be appropriate
to show no taxable income? Or is there another way to do that.
Thanks for any insight you can give me.
- posted 11 months ago