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Get your taxes done using TurboTax
You certainly may. If you report as miscellaneous income or hobby income, you will only be able to report the gross proceeds, no cost of sales. Do not know how much your cost basis on the sold items will be.
Using the Desktop version, the entries would be Miscellaneous income / Other reportable income / +Add.
Self-employment income or personal item sales may report the cost of sales but, I think, you are using a Basic version which may require an upgrade.
Post if you have further questions or need the Desktop entries.
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3 weeks ago