Get your taxes done using TurboTax

Please provide a reference to your position on this...I would like to be corrected.

 

Everything I have studied on this from post-TJCA legislation agrees...deductions for "hobby income", which could be the selling of personal possessions, were removed and all proceeds are to be reported as income.

 

If a 1099k is issued, and one gets audited, I suppose you would be fine explaining that it was a one off sale.