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Returning Member
posted Feb 19, 2023 6:09:42 AM

I received a 1099 k for selling personal items on ebay. How do I report this? Do I just a 1040 schedule 1 form?

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1 Replies
Expert Alumni
Feb 19, 2023 6:38:05 AM

You can follow these steps to enter your 1099-K form to report presonal item sales:

 

  1. Choose the Federal option on your left menu bar
  2. Choose Wages & Income
  3. Choose Other Common Income
  4. Choose Income from Form 1099-K
  5. Choose the Personal item sales on the screen that references what type of income your 1099-K is for
  6. Enter the information from the Form1099-K

Unless you sold the items for more than they cost to you, the income will not show as taxable on your return.