1099k question - EBay

[jjzonka]

Thanks and the irs will accept a cost of zero with no concerns or red flags? 

[JulieS]

Yes, that is correct.

[SHENFUNak888]

I got the Form 1099-K From  eBay . gross amount under 20,000.00 ( year 2022) number of payment under 200.  do I need to report to IRS, ? When I fill all of the detail , and Turbotax  still ask to fixed the error. when I run smart  check for continue. thanks

[PatriciaV]

Yes, you need to include the income from Form 1099-K since this is also reported to the IRS. 

Enter this income in TurboTax under Wages & Income >> 1099-MISC and Other Common Income >> Income from Form 1099-K. Answer questions as they apply to your situation and enter the information from Form 1099-K. TurboTax will determine where to report this activity on your tax return. 

You may be asked other questions later regarding expenses related to this income.