LeonardS
Expert Alumni

Get your taxes done using TurboTax

If you are selling items that are considered collectibles then you would report the sale as investments and follow the steps by  @DawnC 

 

Collectibles are considered alternative investments by the IRS and include things like art, stamps & coins, cards & comics, rare items, antiques, Etc.

 

If the items are not collectibles, just stuff selling for less than you brought it for, then you would use the steps provided by @LeonardS.

 

How you report the sales is dependent on the type of items sold.

@ncage

 

 

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