DawnC
Employee Tax Expert

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What Box is the income in 3 or 7?   Hopefully, it is in Box 3 and 7.  If it is in Box 7, I would have her correct it if it is not business income.   Only income related to your business goes on Schedule C and Box 7.  

 

And what did you sell on Ebay?  Was it personal items not related to your business?   If you sold personal items for less than what you originally paid for them, you have a loss and the income does not need to be reported and you can delete it.   In this case, you can keep the 1099-MISC with your records and if you are asked about it later, you can explain that this was a sale of personal goods.

 

If you made money (ordinary gain) of the sale of personal goods, it does need to be reported, but NOT on your Schedule C.   If you need instructions to do this, please advise and I can give you instructions on how to enter it and not link it to your business.  But either way, you should delete the 1099 from your return.   

 

Do I have to report personal items that I sold?

 

 

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