what's the latest on 1099-k for casual sellers on ebay -- not a business

[pilgrim130]

Any update on how casual sellers -- not a business seller -- those who do not live off the earnings of ebay sales can most easily account for the 1099-K on their 2023 taxes?

[Tax Hero Niki]

Hi pilgrim130!

Excellent question. TurboTax has already built in  all the right questions to help you get those transactions reported properly, to avoid any issues with the IRS. First, you enter the 1099-K. Then, TurboTax  will help you determine if the activity is a hobby, personal item sales, reselling, or something else, and apply the correct tax treatment. You can read more on that here: https://turbotax.intuit.com/tax-tips/general/did-you-get-a-form-1099-k-and-arent-self-employed...