If you sell personal items at less that what you paid for (your cost basis), you have made a loss on personal items. This loss on personal items isn't deductible and isn't reported on your tax return.
For inherited items, your cost basis is the fair market value of the item at the time of death of its owner. So unless the item was an antique object or a collectible, its value has probably decreased or remained stable between the time you inherited it and the time you sold it. In this case, you have nothing to declare on your tax return.
If you know that certain items have appreciated, then you have made a capital gain which has to be reported and on which you will pay long-term capital gain tax.
Please read this TurboTax Help topic for more information.
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