So like many, I received a 1099 for my personal ebay account where I only sell personal items (I also have an ebay where I sell to make money, which I received a separate 1099 for and which I record separately on a schedule C)
My questions regarding the personal sales 1099:
1. Most of these items were sold at a loss, some of them purchased many years ago. How do I record this, especially if I do not know the value or have proof of purchase (old items, items bought at garage sales, etc)
2. I realized on this 1099 that ebay has my wrong address, from a previous state that I have not lived in for several years. Not sure how this happened. Will this cause any issues when filing? Do I need to try and have this changed with ebay before filing my taxes? There are no state taxes owed or other state tax info on the 1099, and I currently live in a state with no personal income tax (but the state that ebay put on the 1099 is a state that does have income tax). Sorry, I know that is a bit complicated.
Thank you
