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I have a 1099-k that was issued to me, but i am not self-employed/run a business. I just sold some old stuff through ebay. How do i report this?

Forum|Forum|7 years ago
June 6, 2019
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Best answer by MinhT1

If this 1099-K is for selling your old personal use property on E-bay, you do not need to report it on your tax return. You just keep that form 1099-K in your tax records for at least three years.

The only exception is when you sold a personal use property which is a collectible at a price higher than what you paid for it. If this is the case, please add a comment and I will guide you further.

If you sold stuff at a price lower than what you paid for it, there is nothing to report.

M

MinhT1Answer

If this 1099-K is for selling your old personal use property on E-bay, you do not need to report it on your tax return. You just keep that form 1099-K in your tax records for at least three years.

The only exception is when you sold a personal use property which is a collectible at a price higher than what you paid for it. If this is the case, please add a comment and I will guide you further.

If you sold stuff at a price lower than what you paid for it, there is nothing to report.

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repr7-62Author

Some of the items I sold were for more than I paid. Most of the items I bought years ago and don't know what I actually paid for them. I would have to say that I made some profit on them, but I wasn't actively buying and selling for profit.