If you sold the items for more than you purchased them for, please see the instructions below for reporting your 1099-K:
- Type 1099-K in the search box on the top right.
- Click Jump to 1099-k (this will take you to the applicable area of the interview).
If you did not sell any items for a profit, keep a copy of the 1099-K with a list of the items you sold and how much, with your tax records.
From the Massachusetts Department of Revenue: If you receive either a federal Form 1099-K or a Massachusetts Form M-1099-K that shows amounts paid to you, you must report taxable amounts on Schedule X, as other income, or if such amounts are derived from a trade or business, on Schedule C. See TIR 17-XX. (emphasis added).
