- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 18, 2021
1:20 PM