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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.
3 weeks ago