Do I need to report my 401K IRA if I didn't borrow from it? And do I sold 3 books earning less than $60 and $9 went to mailing. Do I need to report that? Under what?

[JohnB5677]

No, you don't have to report anything if you didn't withdraw or borrow from your IRA. 

It should be noted that you can't borrow from an IRA, you may be referring to a 401-K .  Regardless, the answer is the same.

• A loan from your 401-K isn't taxable.
• If you withdraw from the IRA, or a 401-K, you will get a 1099-R that is reportable on your taxes.

All income should be reported on your tax return.  However, "You only need to report personal items that you sold if they were sold for more than what you originally paid."

See the TurboTax article Do I have to report personal items that I sold at a yard sale?

[Edited 01/27/2026: 6:44 PST] @cleardove2002

[dmertz]

A 401(k) is not an IRA.

Loans are not permitted to be made from IRAs.

[cleardove2002]

Thank you. As for the other question, I was a partial author of a book. I don't own a business and I sold only 3 copies. What criteria would that fit under exactly, so as to file that?

[AnnetteB6 · Accepted solution]

If you do not expect to continue to sell copies of the book you co-authored, enter the income as hobby income.  

Otherwise, if you do expect to continue to sell the book and expect to write and sell others in an ongoing manner, the income and expenses would be reported on Schedule C and you would be considered to be a sole proprietor.

To enter your hobby income and expenses, follow the steps below.  Be aware that under the current tax law, the income that you enter will be reported on Form 1040 Schedule 1 line 8J, but the expenses cannot be claimed even though there is a place to enter that information.  

1. Go to the Wages & Income section of your return.
2. Scroll down to the bottom of the page to find Less Common Income, click Start or Update beside Miscellaneous Income, 1099-A, 1099-C.
3. Click Start or Update beside Hobby Income and Expenses to enter your information.

@cleardove2002