I received my 1099-K; will I owe taxes?

Just because you have received a 1099-K does not mean you will owe income taxes. If the original cost of the item was more than what you sold it for on Gear Exchange, you may not have any taxable income. We encourage you to consult your tax professional for further information and specifics.

Note: Tax laws change often, and we are not giving legal or tax advice. Please consult a tax professional for advice. We are not responsible for how users perceive or use the information on this site.