MinhT1
Expert Alumni

Get your taxes done using TurboTax

If you sell personal items for less that what you paid for them, this loss is not tax deductible and the sale does not have to be reported on your tax return.

 

If your form 1099-K only covers such sales, then do not report it on your tax return. Just keep it in your tax records along with any proof that the reported numbers were for sales of personal items at a loss.

 

Please read this TurboTax Help topic for more information.

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