I didn't report the income on my tax return
because I considered it a loss (not income), but for the same lack of records, did not claim it as a loss.
Sems now the IRS is basically suspicious of me.The log book is old and arcane. Essentially just a college ruled composition notebook with my writing records in it. How would I even submit that…photocopies and annotated line items for the items sold?
In it is the following information: make, model, year, size, serial number, date of purchase, serial number, amount paid and notes.I do have a picture of every bike I've ever had as well, so photos could be linked to the notebook line items.How would you recommend proceeding? The IRS notification requires reply by May 25. I intend to dispute, but not sure what to submit beyond the obvious adjustments
for the portions that are not gross income (fees, shipping, etc) which I can easily prove with paypal and ebay records. How do I organize all that information, in a spreadsheet?