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January 29, 2024
Question

Can I show losses on eBay if I don't receive a 1099 ?

  • January 29, 2024
  • 1 reply
  • 0 views
Unless you receive 20,000 you don't receive a 1099

1 reply

KrisD15
January 29, 2024

If you sold personal items on Ebay, you cannot claim a loss so there would be no tax reporting in regards to the sale of those objects. 

Only a business can claim a loss.

 

If you have a business selling items, and part of that business involves selling on Ebay, use your own records. 

Businesses file Business returns or Schedule C with their 1040. 

 

 

 

 

 

 

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