DawnC
Expert Alumni

Get your taxes done using TurboTax

Generally, you do not need to report personal items you sell at a loss.   However, since you did receive the 1099-K and the IRS knows about it, you may want to enter an offsetting transaction set to report the transaction.   See this link for instructions.   Make sure your income (1099-K amount) and the basis amount (purchase price) are the same - you can't take the loss as these are personal items.    @fwadams1

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