Did you sell any personal items at a gain?
Personal items sold online similar to a garage sale, usually do not generate any profit, you usually sell for items for less that what you paid for the item in the first place. They usually are not reported.
Losses on personal items cannot be claimed, it just isn't allowed.
If a business sells at a loss, they can claim the loss, but a person selling personal items cannot.
If you did sell something at a profit (for more than you purchased it for) you would have a "Capital Gain".
Enter a sale that resulted in a gain under Investment Income.
- Wages & Income
- Investment Income
- Stocks, Cryptocurrency, Mutual Funds, Bonds, Other START
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Select "Other"
Continue reporting the sale
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