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posted Apr 6, 2025 10:35:20 AM

I have a 1099-K form from personal items sold on ebay. Schedule 1 form 1040 lets you deduct items sold at a personal loss. Where is this in tubo tax prep online?

I sold these items at a loss. Please help.

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Expert Alumni
Apr 6, 2025 10:39:04 AM

Personal items sold at a loss are not deductible. The line on Schedule 1 "For 2024, enter the amount reported to you on Form(s) 1099-K that was included in error or for personal items sold at a loss" is informational only.

 

Here is how you should report personal items sold at a loss in TurboTax Online:

  • Within your tax return go to the magnifying glass icon on the top right, type 1099-K and select the Jump to 1099-K link in the search results
  • Choose Add a 1099-K
  • The next screen will ask "Which type of income your 1099-K is for?" choose Personal item sales, then Continue
  • Enter the information from your 1099-K
  • After you choose continue, the next screen will show "Personal Item Sales". Here is where you choose "All items were sold at a loss or had no gain"