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1099-K - proceeds for personal item sales
I think I have mostly figured out how to report personal items I sold through an online marketplace, but am unsure about a few things. My 1099-K says the gross amount from my transactions in 2022 was $5830. When I get to the box that says "Enter the total proceeds for items sold at a loss or no gain", is that number supposed to include the seller fees and tax remitted by the online marketplace?
And how about when listing each sale of personal items? Is the proceeds box supposed to include the remitted taxes + seller fees? Or am I supposed to account for the taxes and fees in the option box that says "I paid sales expenses that aren't included in the sale proceeds reported on the form"?
‎February 15, 2023
4:36 PM