Question

1099-K eBay sales

Forum|Forum|1 year ago
March 15, 2025
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I am selling ONLY personal items on ebay. I sold 152 items in 2024. The items are from my deceased husband's collections. I am trying to use the personal items option on Turbotax. I do not know what the items' original costs were and assuming I am breaking even at best. It looks like I am going to be taxed for the entire gross amount on my 1099-K even though I entered the amount of expenses provided to me in an online report by eBay. Please advise as to what I should be doing, as I can't believe that it is right for me to pay taxes on the gross amount. Thanks.

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Vanessa A

If you sold all of these items at break even or at a loss, then when you enter your 1099-K you can select all items were sold at a loss or had no gain. This will remove all of the income from the 1099-K from being taxed.