I have received conflicting information from Turbo Tax. I sold 93 Personal Items on Ebay all acquired more than 1 year ago. 46 sold at a gain, 47 at loss or no gain.
My 1099K totaled 4,236.58 which were gross sales (fees, shipping and refunds included). $2,241.33 had loss or no gain; 1,995.25 had a gain. Cost of items with loss or no gain 1,344.91; Cost off items with gain: 1,995.25
All Sales Loss or No Gain Sales w/gain
1099 K 4,236.58 2,241.33 1,995.25
Ebay Fees: (627.34) (313.34) (314.00)
Shipping Fees: (690.86) (383.08) (307.78)
Refund: (200.00) (200.00) -0-
Earnings Rec'd 2,718.38 1,344.91 1,373.47
Cost of Goods 1,718.91 1,344.91 374.00
Net Earnings 999.47 -0- 999.47
Do the 93 items have to be entered individually?
Do the 46 sold at a gain have to be entered individually? One agent Melissa said they could be accumulated and entered with a 12/31/2025 date.
Do the ones sold at no gain or a loss need to be itemized.
Do they need to have individual sold dates?
Also one of the posts mentioned separating the one 1099K received into two 1099K entries. One total for those sold with gain and the other with no gain.
I am using Turbo Tax Deluxe desktop. I have never experienced such confusing instructions within the Turbo Tax app or from the agents. Very disappointing, so I hope you can help.
