turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

sold at a loss.

95% of everything I sell on eBay & Mercari is at a loss. None of it is "Profit"... I sell for someone else who just wants to get rid of the items she has collected over the years. She does not have receipts. How do I handle this? Do I have to list everything I sold at a loss?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

sold at a loss.

Since your “business “ is not designed to make a profit  it is considered a hobby. You can’t deduct any expenses but must report your income. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies