I'll try to keep this brief, apologies for being long winded.
My father passed away Jan 2022. We had 2 estate sales which purged most of the personal property (way below FMV). However, he has an extensive model train collection that my wife has been selling on eBay under her social security number (thanks $600 rule). The train sales are still below FMV but definitely more than we would have gotten at an estate sale. We received the 1099-K from eBay which shows the amounts she brought in each month from Sept - Dec 2022.
The question is, how do we deduct this amount from our taxes because this is part of the estate, not my wife's personal gain under her social? I entered the 1099-K amount on Turbo Tax in the appropriate area, but I do not know how or where to deduct the estate sale portion. Thank you for any help you can offer.
