Micah has a collection of sneakers. He needed some cash (to buy more sneakers), so he sells
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Micah has a collection of sneakers. He needed some cash (to buy more sneakers), so he sells some of his sneakers. He sold 10 pairs of sneakers for $5,000. He originally paid $3,200 for those sneakers. He received a Form 1099-K.
How would you treat this Form 1099-K in Block Works to achieve proper pricing?
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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