- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 25, 2021
5:50 PM