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RivenSnow
Returning Member

Question about facebook sales

My family (family member, but not me personally) bought a home in 2023 and there was stuff left behind we wanted to get rid of and get out of the way and off the property. The family members who bought the home allowed me to sell stuff left behind on facebook marketplace and keep the money (less than $600).

 

My question; do I have to report this as a business income or is there somewhere else in turbotax I list this? 

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1 Reply
MarilynG1
Expert Alumni

Question about facebook sales

If you don't regularly sell items on Facebook Marketplace, you don't need to report this as Business Income.

 

For a one-time income, you could report it as Less Common Income > Miscellaneous Income 1099-A, 1099-C > Other Reportable Income under the Wages & Income section.

 

 

 

 

 

 

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