Thanks , that is very helpful info. I saw another comment wherein the TT pro said to enter the 1099-K amount as misc other income "sale of personal property" an...

Basically I am asking what is the appropriate tax form to report it (and the loss)? It was a one-time transaction. Do I need to populate a Schedule C?

I agree in principal that all income is reportable. However I am not sure how to report it. If I were self employed selling it below my cost would result in a n...