DawnC
Expert Alumni

Get your taxes done using TurboTax

That is correct.  You would only use the investment section to report personal items you sold for a gain.  If these are personal items that you sold at a loss, just keep detailed records, but you are not required to report those sales or income.  I understand you have the 1099-K and the IRS may question you about it.  However, as long as you have the records to show these were payments for personal goods (like at a yard sale) that you did not make money off of, you will be fine.   

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