I need help with reporting a 1099k. 1099k from PayPal reporting threshold is $600, on the 1099k I earned $280 from self employment $700 is personal items sold for loss

Denver5680 — Mon, 23 Feb 2026 13:23:12 GMT

Re: I need help with reporting a 1099k. 1099k from PayPal reporting threshold is $600, on the 109...

AliciaP1 — Sat, 04 Feb 2023 20:14:55 GMT

You are not required to enter a 1099-K specifically into your tax return as long as all the income is reported correctly.

To enter your self-employment income without the 1099-K specifics you can follow these steps:

Open or continue your return in TurboTax
Search for self employed income (use this exact phrase, don't add a hyphen) and select the Jump to link at the top of the search results
Answer Yes on the Did you have any self-employment income or expenses? screen
- If you land on the Your 2022 self-employed work summary page, select Review next to the work you're adding income for
Answer the questions on the following screens until you arrive at Let's enter the income for your work
Scroll down to the Income section and click Add income for this work
Choose Other self-employed income and Continue
Here you would enter the $280 plus any other general income you earned in your business.

To report the personal item sales you can follow these steps:

Search for 1099-K and select the Jump to link at the top of the search results
When you get to the Choose which type of income your 1099-K is for screen select Personal item sales and Continue
For box 1a only enter the $700 you identified in your question
Click Done
Go back to the Wages & Income screen and click Edit for Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto)
Click Review for the 1099-K you entered and here you can enter the expenses and details for the items you sold

Re: I need help with reporting a 1099k. 1099k from PayPal reporting threshold is $600, on the 109...

Denver5680 — Sat, 04 Feb 2023 20:28:12 GMT

When I enter the expenses and details of the item sold would I put the exact number I bought the item for or would I put 700 so it would 0 it out since I sold for a loss

thank you in advance

Re: I need help with reporting a 1099k. 1099k from PayPal reporting threshold is $600, on the 109...

AliciaP1 — Sat, 04 Feb 2023 21:19:52 GMT

Yes, you are correct!

@Denver5680

topic I need help with reporting a 1099k. 1099k from PayPal reporting threshold is $600, on the 1099k I earned $280 from self employment $700 is personal items sold for loss in Get your taxes done using TurboTax

I need help with reporting a 1099k. 1099k from PayPal reporting threshold is $600, on the 1099k I earned $280 from self employment $700 is personal items sold for loss

Re: I need help with reporting a 1099k. 1099k from PayPal reporting threshold is $600, on the 109...

Re: I need help with reporting a 1099k. 1099k from PayPal reporting threshold is $600, on the 109...

Re: I need help with reporting a 1099k. 1099k from PayPal reporting threshold is $600, on the 109...