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I have a 1099-K for personal sales on Ebay. Where do I enter individual transactions? Where is Your Income and Expenses Screen?

I can't find anything that says "Income and Expenses". I need to reduce the 1099-K total by entering purchase pricing and expenses, if I can.
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2 Replies

I have a 1099-K for personal sales on Ebay. Where do I enter individual transactions? Where is Your Income and Expenses Screen?

sales of your personal property at a loss are not deductible while sales at a gain are capital gain. form 8949

 

ThomasM125
Expert Alumni

I have a 1099-K for personal sales on Ebay. Where do I enter individual transactions? Where is Your Income and Expenses Screen?

When you enter the Form 1099-K, you should choose Personal item sales on the screen that says Which type of income is your 1099-K?:

 

On the screen that says Let's get the info from your 1099-K, enter the sale amount that shouldn't be included in your income, which will be $0 if you sold all of your personal items at a loss:

 

 

The sale will appear on your tax return but will not be included in your taxable income:

 

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