I received a 1099 from eBay listing about $3,000 in sales for 2021. I used eBay as a yard sale type situation, selling off old belongings. All of the items were pretty much sold for less than (or at least not more than) I paid for them, except for one item. My sales fell into three categories: 1.) The single item that I bought new 35 years ago for $100 and sole for $500. 2.) Items that I did not use and sold as new for less than I originally paid for them. 3.) Items that I used over the years and then sold as used, for less than I paid for them. I also had shipping expenses and sales costs.
How do I deal with this when filing taxes? Does the loss on new/unused items that I sold for less than I paid offset the gains from the one item that I sold for a $400 profit?
Thanks for any help that you can give me with gaining clarity on this issue.
