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Get your taxes done using TurboTax
That depends. If the account that generated the 1099-K functioned more like a checking account, as described in the previous post from @JamesG1, then you can enter the 1099-K as described in the post from @JamesG1.
However, if you sold things for a profit then you will have to pay tax on that income. For example, if you were selling personal use property, such as things you use everyday (appliances, clothes, furniture, etc.), and you sold such property for a gain, then you would pay tax on that gain. If personal use property is sold at a loss, then you cannot deduct such loss.
Any property that you held/purchased for investment purposes is handled differently than personal use property. Investment property sold for a gain is subject to capital gain tax rates. Investment property sold at a loss can be deducted as a capital loss.
If any of the above apply to you, you may have to separate such items and report them separately on your return.
@drewcrawford03
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