After you file

Consider this example where the gross sales reported on the IRS form 1099-K is $900 and only these two sales transactions are involved.  Report the entire $900 on the IRS form 1099-K.

                           Selling           Cost

                           Price              Basis

T 1                    $500              $1,000        Capital loss on personal item = $0 gain/loss

T 2                    $400               $300          Capital gain on personal item = $100 gain

                          $900              $1,300

At the screen Personal Item Sales, under I sold some items at a loss or had no gain, report $500.

Reported on Schedule 1 form 1040

The item sold for gain is reported on IRS form 8949 and Schedule D.