To enter a gain from the sale of personal items on eBay in TurboTax Deluxe 2025 Desktop and report it on Schedule D, follow these steps: 1. Go to the Investments Section: Navigate to the Federal T...
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To enter a gain from the sale of personal items on eBay in TurboTax Deluxe 2025 Desktop and report it on Schedule D, follow these steps: 1. Go to the Investments Section: Navigate to the Federal Taxes tab, then select Wages & Income and find the section for Investments and Savings. Select Start or Add Investments. 2. Enter Investment Sales: Choose to enter sales one by one. 3. Select Investment Type: Even though these are personal items, enter them as a sale of property, such as collectibles or other capital assets. 4. Enter Sale Details: On the sale details screen, enter the description, date acquired, date sold, sale proceeds (after fees), and your cost basis (original cost plus any related expenses). 5. Schedule D Reporting: TurboTax will automatically generate Schedule D and Form 8949 to report your gain. Since your gain is about $500 and no 1099-K was issued, reporting the sale this way correctly reflects the capital gain on your tax return.