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I’ve received about $1200 form Selling old clothes, Baseball gear, gloves etc. I paid more than what I sold them for. Do I need to report that as an income?

 
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MayaD
Employee Tax Expert

I’ve received about $1200 form Selling old clothes, Baseball gear, gloves etc. I paid more than what I sold them for. Do I need to report that as an income?

You only need to report personal items that you sold if they were sold for more than what you originally paid.

If you make more than $5000 on one of these platforms: PayPal, Venmo, Square, Etsy, Uber, and Ebay, you should receive form 1099-K.

How do I enter a 1099-K for personal item sales?

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