KrisD15
Expert Alumni

Get your taxes done using TurboTax

There would be no loss if Schedule 1 shows the income in and the same amount of income out, but I feel that entering it as "personal sales" is the better way of reporting. 

 

The outcome is the same, no gain no loss, but I think it is cleaner to show the income on Form 8949. 

Schedule 1 "Other Income" is pretty vague. Form 8949 makes it clear that the income (or no income)  was for items purchased and then sold. 

 

@stantonporsche  

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