I sold some items on eBay totaling enough to trigger a 1099-K from PayPal (over $600 for my state). I don't have a business that these sales would apply to. What do I do?

rhinds07 — Thu, 06 Jun 2019 13:51:24 GMT

You will want to make sure that you report all income tax...

ScottT — Thu, 06 Jun 2019 13:51:25 GMT

You will want to make sure that you report all income tax documents received for each tax year. All tax documents are reported to the Government.

How to enter 1099-K? Please follow these steps using your TurboTax Online account.

Start from Tax Home page
Click on Take me to my return
On the top right, click on Search, then type in 1099k
A Jump to 1099k will appear on the list, click on it and you will be directed to the page

Besure to enter your 1098s exactly as they are reported to you, answer the questions from each interview page.

If you have any expenses relating to selling of your items (ad fees, shipping & postage, etc.), you can deduct the expenses as you're going through the questions.

topic I sold some items on eBay totaling enough to trigger a 1099-K from PayPal (over $600 for my state). I don't have a business that these sales would apply to. What do I do? in Get your taxes done using TurboTax

I sold some items on eBay totaling enough to trigger a 1099-K from PayPal (over $600 for my state). I don't have a business that these sales would apply to. What do I do?

You will want to make sure that you report all income tax...