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April 16, 2025
Question

I filed a 1099-K from sale of inherited goods on Ebay. They all were sold well under FMV. How do I enter that information on my amended return?

  • April 16, 2025
  • 1 reply
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    1 reply

    April 16, 2025

    In TurboTax Online, to report Personal item sales, follow these directions.

      

    • Down the left side of the screen, click Federal.
    • Down the left side of the screen, click Wages & Income.
    • Click to the right of Other Common Income.
    • Click to the right of Form 1099-K.
    • At the screen Did you get a 1099-K?, select Yes.
    • At the screen How would you like to upload your 1099-K? click Type it in myself
    • At the screen Which type of income is your 1099-K for, select the button for Personal item sales.  Click Continue.
    • At the screen Let's get the info from your 1099-K, enter the information.    Click Continue.
    • At the screen Personal Item Sales, select All items were sold at a loss or had no gain.  Click Continue.

    The entry will be reported on Schedule 1 of the Federal 1040 tax return.

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