Suzanne1801a
Level 2
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Per pattif12 aka turbo tax expert that reponded to me... here is how we dealt with the 1099K we received when selling old personal items on ebay.Option 2 in Tur...
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This is what the OTHER turbo tax expert told me to do... so that is what we did.
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You enter two line items. 1 showing the 1099K information (example: $1500 in income)then on the next line you enter the exact same Verbiage but enter your Cost ...
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PattiF12, thanks for the information, I will give this a try since clearly we are not running a business nor are we self employed... we are merely, getting rid ...
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How is this correct to not enter it into the turbo tax when some states require that you report any additional income from the sale of personal items that excee...
Activity Feed for Suzanne1801a
- Got Cheered for Re: Received 1099-K from Reverb and PayPal, but sold only personal items at a loss. This link sug.... March 31, 2021 9:12 AM
- Posted Re: Received 1099-K from Reverb and PayPal, but sold only personal items at a loss. This link sug... on Get your taxes done using TurboTax. March 1, 2021 2:19 PM
- Posted Re: Received 1099-K from Reverb and PayPal, but sold only personal items at a loss. This link sug... on Get your taxes done using TurboTax. March 1, 2021 2:13 PM
- Got Cheered for Re: Received 1099-K from Reverb and PayPal, but sold only personal items at a loss. This link sug.... March 1, 2021 8:30 AM
- Posted Re: Received 1099-K from Reverb and PayPal, but sold only personal items at a loss. This link sug... on Get your taxes done using TurboTax. March 1, 2021 7:33 AM
- Posted Re: Received 1099-K from Reverb and PayPal, but sold only personal items at a loss. This link sug... on Get your taxes done using TurboTax. February 9, 2021 7:38 PM
- Posted Re: Received 1099-K from Reverb and PayPal, but sold only personal items at a loss. This link sug... on Get your taxes done using TurboTax. February 9, 2021 11:58 AM
- Cheered Re: Also just found another answer from TurboTayMaryK1 saying... for RobertG. February 9, 2021 11:46 AM