Get your taxes done using TurboTax

Are you reporting the IRS form 1099-K income as personal item sales?

If so, capital loss for a personal item sale reports $0 capital gain on the tax return.

The amount included in error or for personal items sold at a loss is reported at the top of Schedule 1 form 1040.  

The expenses of the sale or the cost basis of the sale are not reported on the 2024 tax return.