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If you sold a personal item for less than you paid for it, the income is not taxable. Don't enter it at all. If you sold a personal item for more than you paid for it, enter it as an investment sale, under "Stocks, Cryptocurrency, Mutual Funds, Bonds, Other." On the screen that asks for the investment type click Other. On the screen where you enter the details of the sale, where it asks what type of investment you sold, select "Personal items."
You can report the sale of personal items on your tax return without a 1099K.
You only need to report personal items that you sold, if they were sold for more than what you originally paid.
Follow the steps in this article, even if you don't have the 1099K. You can record the income and details of the transaction.
[Edited 2/3/26 | 2:52 pm PST]
Unfortunately, it looks like the provided instructions aren’t working for my product, or I’m missing something. By following the instructions for the 1099 –K, it’s requiring me to enter a filer’s name and TIN, which I don’t have. TurboTax is treating it like a mandatory field, so I can’t progress any farther in the flow.
alternatively, if I select ‘no’ to the question of whether I have a 1099 – K, TurboTax ends the flow and there’s still no way to enter the income.
Did you sell any personal items at a gain?
Personal items sold online similar to a garage sale, usually do not generate any profit, you usually sell for items for less that what you paid for the item in the first place. They usually are not reported.
Losses on personal items cannot be claimed, it just isn't allowed.
If a business sells at a loss, they can claim the loss, but a person selling personal items cannot.
If you did sell something at a profit (for more than you purchased it for) you would have a "Capital Gain".
Enter a sale that resulted in a gain under Investment Income.
Add investments
Skip Import
Select "Other"
Continue reporting the sale
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