First 1099
“I just got a 1099-K from Venmo for selling my old personal clothes at a loss, do I actually have to pay taxes on this money?”
A 1099-K from Venmo can create confusion because the form reports payment activity, not necessarily taxable income. In a case involving used personal clothes sold at a loss, the tax result often depends on whether the items were personal-use property, whether there was any gain, and how the sales were documented. The wording on the form, the original purchase cost, and whether the transactions were truly personal sales can all affect how the amounts are treated on a return. Going through your records with a CPA usually surfaces the answer in under an hour.
In your 30-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I got my first 1099 and I'm completely lost, can you walk me through it?”
“I just left my W-2 job to go independent, how do my taxes change?”
“I worked as an independent contractor for three months and never saved for taxes, what are my immediate payment plan options with the IRS?”
“I received a 1099-NEC from a former client but they reported significantly more money than they actually paid me, how do I officially dispute this?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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