Get your taxes done using TurboTax
@Fred92 wrote:
If I sold this on eBay, do I need to pay additional income taxes on the sale? I received a 1099 K form from eBay.
For the 2022 tax year, TurboTax (at least the higher versions) have a 1099-K entry screen where you will enter the sales price (on the 1099-K) and your cost basis. You will report the sale but will not have a gain (that could potentially by taxed) unless the sales price is higher than your basis.
