Wow. Have you noticed the HUGE amount of stuff for sale here lately?

pittsburghracer said
I can tell you how it’s going to work. If you make over 600.00 and are paid goods and services you will pay taxes on the amount over that. Buy a carb for 1000.00 and two years later sell it for 700.00 you will get a 1099 because the government thinks you are making money

In that instance, you can report that $700 as a "personal item sold at a loss" which zeros out the $700 from the 1099K. Voila, no taxes owed.