rjs
Level 15
Level 15

Get your taxes done using TurboTax

If you sold an item for less than you paid for it, you did not make any money on the sale. You have a loss. When you sell a personal item at a loss, and you did not get a 1099-K, you do not report the sale on your tax return. There is no form to fill out. You just don't mention the sale at all.


A loss on the sale of a personal item is not deductible.

 

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