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Get your taxes done using TurboTax
You are correct that income from personal items sold for less than you paid for them is not taxed. On your return you can report the amounts on 1099-K as non business income and then create another non business income sheet reporting the same amount as a negative number explaining “1099-K income not taxable as personal property sold”.
December 17, 2022
1:31 PM
1,968 Views