topic I received a 1099-K from selling items on eBay. How do I deduct the price I paid for the items from the amount I made from these sales? in Get your taxes done using TurboTax

I received a 1099-K from selling items on eBay. How do I deduct the price I paid for the items from the amount I made from these sales?

doby272 — Mon, 23 Feb 2026 09:52:23 GMT

Re: I received a 1099-K from selling items on eBay. How do I deduct the price I paid for the item...

ErnieS0 — Sun, 29 Jan 2023 02:36:58 GMT

It depends on whether you are selling items on eBay as a business, hobby or simply selling a few personal items.

If you have an eBay business, read Tax Champ @Carl’s answer in First time filing 1099-K trying to figure out where to put cost of goods

Re: I received a 1099-K from selling items on eBay. How do I deduct the price I paid for the item...

doby272 — Sun, 29 Jan 2023 02:43:12 GMT

Thanks for your response. I'm selling personal items.

Re: I received a 1099-K from selling items on eBay. How do I deduct the price I paid for the item...

DianeW777 — Mon, 30 Jan 2023 14:51:03 GMT

Report the income from your 1099-K by selecting 'Personal items sold', once completed you can use the following steps to complete your tax return reporting.

Search (upper right) > type 1099k > use the Jump to... link to begin the entry of the income

To report the cost of your items

Search (upper right) > type schedule d > use the Jump to... link select 'Review' on Personal items sale (Form 1099-K) > follow the prompts to complete the cost entry

Keep in mind that a loss on the sale of personal items is not allowed. A gain on the sale of personal items is taxable and required to be included in your income.

Re: I received a 1099-K from selling items on eBay. How do I deduct the price I paid for the item...

doby272 — Tue, 31 Jan 2023 04:26:16 GMT

Thanks so much!