Cynthiad66
Expert Alumni

Get your taxes done using TurboTax

If you receive this form 1099-K for selling a used electronic item you no longer need on Ebay, you most probably sold this item 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 this form 1099-K on your tax return. Just keep it in your tax records along with any proof that it was for the sale of the electronic item.

 

Please read this TurboTax Help topic for more information.

 

@ijanderson29

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