Entering sale of inherited items I sold on eBay

[Edpol]

In 2021, I sold some used electric trains that I inherited. I sold them on eBay. I didn't sell enough to get a 1099-K. I am not a business, just selling these personal items. Where in TurboTax can I record this sale other than self-employment. I also sold the house and a vehicle from the same inheritance.  Can I record the trains and truck sale where I recorded the sale of the house, which was in the Stocks, Crypto, Investmtents, Other, etc. section of TurboTax?

[JulieS · Accepted solution]

Yes, that is where you would report the sales. 

Since you inherited these items, you can use the word "Inherited" as the date acquired. That automatically make the transaction long term, even if you owned it less than one year.

Your basis is the value at the time of the original owner's death. 

[Rainman12]

If sold for than less value than at acquisition (highly likely), no need to report at all. Inherited items are valued as of date of death. Similarly applies to truck sale. House is slightly different: If a Form 1099-S was part of the sale, you have to account for proceeds. Same  premise applies: Difference between value at DOD and sale is your gain or loss. IRS Form 8949 applies in all aforementioned cases; 'Inherited' applies to when acquired.