Online sales at a loss

[lost-in-cal]

I sold a personal collection of items piecemeal online. I am not a business, just a regular person, I have a 1099 K showing income over $5000. However these items were all sold for less than I bought them, though I no longer have receipts since they were purchased over many years.  Is this still considered income I need to claim? Is there some way I can show that they were sold at much less than their original value?

[Vanessa A]

To enter the 1099 K and then back it out immediately take the following steps:

1. Income
2. 1099-K under Other Common Income
3. Select Personal Items Sales 
4. Enter the information from the 1099-K
5. Then on the next screen select All items were sold as a loss or had no gain.

You cannot take a deduction for a loss, however, this will cause the income you entered to be "erased" but still reported on your return.