It depends, if you are not in the business of selling personal items it's possible to report the income without filing Schedule C. If you sold any of the items for a profit, then you should report the sale as an investment sale on the tax return Any items sold at a loss would not be a deductible loss or required to be reported. You must keep all your records as proof of each transaction with your records should you need to verify them later. However, you must report any gain you received on specific items when and if that occurs. And by reporting the sales this way you are also indicating you are not in the business of buying and reselling items regularly for your livelihood.
The following information will be helpful to make your decision:
Do I have to report personal items sold
Form 1099-K Frequently Asked Questions
If you do not consider this a hobby or a business then the investment sale is the best and correct way to report the sales. The link below will give you information about a hobby versus a business. If you are not in the business or hobby of buying and selling, except in a few instances this is neither a hobby nor a business. The new Form 1099K rule was put in place to track third-party vendors' activities.
Business Versus Hobby
@Anonymous
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