How is this correct to not enter it into the turbo tax when some states require that you report any additional income from the sale of personal items that exceeds $600 dollars? I too have this same question, where to I report this 1099-K that was sent to State and Federal entities aka IRAS, even though my costs of the items were much more then my income receieved. I know this would be a loss but I am not running a business, I was just downsizing and sold some personal items on eBay. Next thing I knew I received a 1099-K from PayPal. I can not see this being a schedule C because it is NOT a business. Please advise. Thanks!
