For those items that you so;d at a profit, you have to report the profit which is taxed as capital gains. Instead of listing individual items, you can make a list that you keep and enter the total in TurboTax.
To report the items sold at a profit, follow these steps:
• In TurboTax, open your tax return
• Click on Federal in the left-hand column, then on Wages & Income on top of the screen
• Scroll down to All Income, locate the section Investment Income and click on Show more
• Click Start next to Interest on Stock, Mutual Funds, Bonds, Other
. Answer Yes on the next screen, then on the following screen choose Personal Items (see screenshot added to the main answer).
. Follow the interview to enter your information.
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