https://ttlc.intuit.com/community/tax-law-changes/discussion/new-1099-reporting-ebay/01/2775652#M1058 <P>Hi... I've retired and at this time only making some money selling some of my assets I've collected over the years. Not all the proceeds are profit. So if ebay sends a 1099 for my gross receipts, this will be misleading. What is the best route to take on this?&nbsp;</P> Tue, 10 Mar 2026 06:01:46 GMT Vince C 2026-03-10T06:01:46Z https://ttlc.intuit.com/community/tax-law-changes/discussion/new-1099-reporting-ebay/01/2775652#M1058 <P>Hi... I've retired and at this time only making some money selling some of my assets I've collected over the years. Not all the proceeds are profit. So if ebay sends a 1099 for my gross receipts, this will be misleading. What is the best route to take on this?&nbsp;</P> Tue, 10 Mar 2026 06:01:46 GMT https://ttlc.intuit.com/community/tax-law-changes/discussion/new-1099-reporting-ebay/01/2775652#M1058 Vince C 2026-03-10T06:01:46Z https://ttlc.intuit.com/community/tax-law-changes/discussion/re-new-1099-reporting-ebay/01/2775734#M1059 <P><SPAN>Taxpayers with 1099Ks from selling <STRONG>collectibles</STRONG> on eBay&nbsp;&nbsp;and related sites is&nbsp;reported as on the sales on Schedule D, Capital Gains and Losses. They have to select the item is "a collectible" checkbox for proper reporting.&nbsp; </SPAN></P> <P><SPAN>Selling collectibles is not a business and should not be reported Schedule C. Reporting them to a Schedule C requires taxpayers to have an inventory and track that.</SPAN></P> <P><SPAN>Regularly selling items which are not collectibles on eBay may be considered a business by the IRS.&nbsp;</SPAN></P> Wed, 28 Sep 2022 16:30:27 GMT https://ttlc.intuit.com/community/tax-law-changes/discussion/re-new-1099-reporting-ebay/01/2775734#M1059 vfellows 2022-09-28T16:30:27Z