MinhT1
Expert Alumni

Business & farm

If this is not a business and you just sold used personal items on Ebay, then please be aware that if you sold these items at a loss (i.e. at a price which is lower than what you paid them for) then you have realized a loss. Losses on personal items are not tax deductible and you do not enter these sales on your tax return. In this case, just keep that form 1099-K in your tax records along with any proof you may have that the sales are sales of personal items at a loss.

 

Please read this TurboTax Help topic for more information.

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