About Suzanne1801a

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Solved Re: Received 1099-K from Reverb and PayPal, but sold only personal i...

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...

Suzanne1801a

1

Updated Feb 21, 2023
Solved Re: Received 1099-K from Reverb and PayPal, but sold only personal i...

This is what the OTHER turbo tax expert told me to do... so that is what we did.

Suzanne1801a

Updated Feb 21, 2023
Solved Re: Received 1099-K from Reverb and PayPal, but sold only personal i...

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 ...

Suzanne1801a

4

Updated Feb 21, 2023
Solved Re: Received 1099-K from Reverb and PayPal, but sold only personal i...

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 ...

Suzanne1801a

Updated Feb 21, 2023
Solved Re: Received 1099-K from Reverb and PayPal, but sold only personal i...

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...

Suzanne1801a

Updated Feb 21, 2023

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Date Registered	‎February 9, 2021 11:45 AM
Date Last Visited	‎December 26, 2023 1:49 PM
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