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jllo10
New Member

I want to report personal item sales income but I did not receive a 1099-k because it did not meet the platform criteria to trigger one. How do I enter?

I have sourced Turbo Tax Premium and desktop instructions, but neither appear accurate. in both cases, if I select 'no' to receiving a 1099-k, the flow is ended. If I select 'yes', I am required to enter info from a 1099-k that I don't possess.
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4 Replies
rjs
Level 15
Level 15

I want to report personal item sales income but I did not receive a 1099-k because it did not meet the platform criteria to trigger one. How do I enter?

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."

 

LaShaunA3
Employee Tax Expert

I want to report personal item sales income but I did not receive a 1099-k because it did not meet the platform criteria to trigger one. How do I enter?

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.

 

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

 

[Edited 2/3/26 | 2:52 pm PST]

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jllo10
New Member

I want to report personal item sales income but I did not receive a 1099-k because it did not meet the platform criteria to trigger one. How do I enter?

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.

KrisD15
Expert Alumni

I want to report personal item sales income but I did not receive a 1099-k because it did not meet the platform criteria to trigger one. How do I enter?

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.

 

  • Wages & Income
  • Investment Income
  • Stocks, Cryptocurrency, Mutual Funds, Bonds, Other    START

 

Add investments

Skip Import

Select "Other" 

Continue reporting the sale

 

 

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