1099k income

[jdosmob]

Hello:

I am selling old Nike and Reebok shoes on Stock X.  Some of these a small profit is made and some are at a significant loss.

This is neither a hobby nor a business.  I read a prior thread indicated if noted as a "hobby" the gross amount of the sale is utilized and the full amount over 2,500.00 (for 2025) will be taxed.  As I have lost money on many of these shoes this does not seem to make any sense that they would be taxed.

Please advise as we are rapidly approaching 2026 and your response may determine if I continue to sell on these 3rd party platforms or need some other way to move these shoes out.  

I look forward to your response.

Jeff 

[Bsch4477]

The full amount of income is taxed if a hobby or “other income “ but it your aim is to turn a profit it’s a business so you can deduct expenses including the cost of your supplies.