I entered a 1099-K I got from EBay. I sold my own personal items, not items I purchased to sell. Where do I enter that the items were personal property?

[grenille]

As I entered the information on the 1099-K, I selected "Personal Item Sales." The"Learn More" next to this said that later in the return process they would ask me about the items I sold to see if they were taxable. I got to the end of the return and they never asked me; I am being taxed on the whole amount and I shouldn't be. Should I just delete the 1099-K? Where is the place where I explain that the items were personal and I lost money on them?

[grenille]

NVM, I figured out that they the instructions are incorrect. I wasn't being taxed on the amount on my 1099-K.

[JamesG1]

For 'personal item sales', the income is reported under Investments and Savings.

• Down the left side of the screen, click Federal.
• Down the left side of the screen, click Wages & Income.
• Scroll down to Investments and Savings (1099-B, 1099-K….).  Click the down arrow to the right.
• Select Start/Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
• Select the down arrow to the right of the Personal item sales (1099-K).

The entry will be reported:

• on Schedule D of the Federal 1040 tax return, and 
• on line 7 of the Federal 1040 tax return.

Capital loss for a personal item sale reports $0 capital gain on line 7 of the Federal 1040 tax return.