No profit was made really.
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If you had no earned income, and no other income other than the proceeds from Online sales, you are not required to file a tax return. If the IRS sends you a letter about not filing/reporting the Form 1099 (I would be surprised if they do), just respond back and explain that it was selling personal items online. That will take care of it.
If you had no earned income, and no other income other than the proceeds from Online sales, you are not required to file a tax return. If the IRS sends you a letter about not filing/reporting the Form 1099 (I would be surprised if they do), just respond back and explain that it was selling personal items online. That will take care of it.
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