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<p>[QUOTE=&quot;medoraman, post: 1607673, member: 26302&quot;]Op, I can give you the technically correct, precise answer, but in short it comes down to keeping receipts from which you are basing your income and expenses reported. If you have A logic, (even if not correct really), but have documentation for the IRS, (if audited), to review, they will take it easy.</p><p><br /></p><p>The IRS hates most in life those who simply make stuff up or do not report. They are not nearly so grouchy with those who &quot;try their best&quot; but may make mistakes.</p><p><br /></p><p>So, just make sure you have some kind of written, (or electronic that you can print), logic behind your calculations. Sales will be sales, make sure you pick up all fees associated with the sale, and have a record of what you paid and how you allocate costs of group lots.</p><p><br /></p><p>If you have any questions, feel free to ask. I am a CPA and have served on US Treasury panels working with the IRS, so I have a pretty good feel for what they look for.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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