Yes, if you intended to make a profit then you would report them on Schedule C by selecting the following:
- Federal
- Income
- Self-Employment
Here you will enter the cost you paid as cost of goods sold, even if you bought them in 2020, the year that you purchased them does not matter, and the income you earned.
If you bought these things for personal use and they just sat in your closet then you wanted to clean it out, but you made a profit you would report this on Schedule E by
clicking the following:
- Federal
- Income
- Show More next to Investment Income
- Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
- Select Other
- Continue through and select personal items for the type of investment
- Then walk through the questions and enter the sale of your items and the cost
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