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Level 2
February 4, 2022
Question

1099-K from Ebay Payment Card Third Party. How to enter into turbotax?

  • February 4, 2022
  • 1 reply
  • 17 views

I sold some clothing and shoes I no longer wear on ebay and have about $1,700 in sales on my 1099 k. How do i report this on turbotax premier? Its not a buisness as i was just cleaning out my closet. Some have been telling me to report it as self employment income. Is this true? Would i have to upgrade my turbotax to something else from premier to do this?

    1 reply

    VolvoGirl
    Level 15
    February 4, 2022

    You don't report it unless you made a profit selling it.  Did you sell it for more than you bought it for?

    Level 2
    February 4, 2022

    Yes the items were new from years ago and the value of the shoes went up so I did make a profit from selling them