Hello,
I’m a collector and recently (before 2026) bought a couple of blind boxes, where the contents are unknown, and there’s a chance of getting different items or duplicates. When I received a duplicate of an item I already owned from a previous purchase, I decided to set it aside and resell it for less than the original price. My intention wasn’t to make a profit; I simply didn’t want to have multiple identical items, and blind boxes are not returnable items so I could only resell them on Mercari, I know I won’t receive a 1099-K form them because I didn’t hit their threshold for that.
Now, I’m wondering if I need to report what I made from the sales or not? If not, should I simply not say anything about it? Or, is there a specific form I need to fill out? My primary intention was for the purchase to be for personal use, but since I don’t require duplicates, I opted to resell them.
I would really appreciate an answer for my question. Thanks in advance!
