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nozzery t1_j6o8yz5 wrote

The best course of action would be to put together a spreadsheet with each item and your best estimate of cost basis (how much you paid), acquire date, as well as sale dates and amounts. If you don't want to do that then yes cost basis is assumed $0 and you pay taxes on the full amount.

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Various-Category4642 OP t1_j6oc4cc wrote

I have probably about half the stuff but since eBay only started saving older sales very recently I think some is lost.

I'm definitely not paying the full amount shown since refunds and fees are probably half the number that they gave me

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nozzery t1_j6ocec1 wrote

It isn't lost, it's just in your email. Go look for it. Don't be lazy. If you don't find it, you are paying the full amount, because that's the 1099 that the IRS will receive. Adjust income without documentation at your own risk

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Various-Category4642 OP t1_j6ocx2z wrote

I found how much of the total is just fees and refunds/cancellations. I have the majority of sales but there's some from early last year buried somewhere. I'll find em

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