topic Re: 1099k in Get your taxes done using TurboTax

1099k

Gmadru83 — Tue, 10 Mar 2026 06:44:03 GMT

I Sold stuff on ebay through out the year but I have no cost of goods since alot off the stuff Sold I aquired free over the years. Can I put $0 for cost of goods sold. And will that be a red flag

Re: 1099k

Critter-3 — Sun, 20 Nov 2022 19:01:19 GMT

If you got the stuff for free then your cost basis IS ZERO and that is just fine.

Re: 1099k

Gmadru83 — Thu, 24 Nov 2022 04:38:04 GMT

It will not trigger a auddit for putting zero for cost of goods sold

Re: 1099k

Gmadru83 — Sat, 26 Nov 2022 01:47:14 GMT

It will not trigger a auddit for putting 0 for cost of goods sold

Re: 1099k

Critter-3 — Sat, 26 Nov 2022 01:52:11 GMT

No ... zero is the IRS default if you don't know or have the cost information.