MinhT1
Expert Alumni

Get your taxes done using TurboTax

If you receive forms 1099-K for selling old books and personal items on Ebay/Paypal, you most probably sold these books for less than you paid for them. You have made a loss on personal items. This loss on personal items is not deductible and is not reported on your tax return.

 

If this is the case, you do not need to report these forms 1099-K on your tax return. Just keep them in your tax records along with any proof that it was for the sale of old books/personal items.

 

Please read this TurboTax Help topic for more information.

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