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How do I properly enter income from a 1099-K for sale of personal items (ebay) where I did not make a profit?
I am following all the prompts, but it keeps flagging my return and is directing me to enter self-employment income (Schedule C), however this was for personal items and not a business. If I try to enter it as hobby income instead, it is increasing the amount of taxes I owe. When I had the same situation for tax year 2022, it entered it on a Schedule 1.
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March 17, 2025
4:42 AM