How do I report sales made on eBay after getting 1099-K?
And would I need to send the IRS detail of every single items I sold on eBay?
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No. You report your income from sales. See here for details.
For the 2022 tax year, TurboTax (at least the higher versions) have a 1099-K entry screen where you will enter the sales price (on the 1099-K) and your cost basis. You will report the sale but will not have a gain (that could potentially by taxed) unless the sales price is higher than your basis.
Thanks, is that going to be Turbotax Deluxe and up?
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