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Althea4
New Member

1099-K eBay sales

I am selling ONLY personal items on ebay.  I sold 152 items in 2024.  The items are from my deceased husband's collections.  I am trying to use the personal items option on Turbotax.  I do not know what the items' original costs were and assuming I am breaking even at best.  It looks like I am going to be taxed for the entire gross amount on my 1099-K even though I entered the amount of expenses provided to me in an online report by eBay.  Please advise as to what I should be doing, as I can't believe that it is right for me to pay taxes on the gross amount.  Thanks.

 

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1 Reply
Vanessa A
Employee Tax Expert

1099-K eBay sales

If you sold all of these items at break even or at a loss, then when you enter your 1099-K you can select all items were sold at a loss or had no gain.  This will remove all of the income from the 1099-K from being taxed. 



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