I received a paypal 1099k because I sold old household items on ebay (at a loss). I'm in Virginia where they have lowered the reporting threshold to $600. I have read that sale of household items isn't normally taxable. I'm not running some kind of resale business, just doing a household cleanup...every few years I try to sell some items. So how do I report this?
Suppose I actually made money selling household items. That's supposed to be a capital gain reported on schedule C, not self employment. Would I still have to list this on schedule C? (I've never seen Schedule C.)
