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Question

How do i report/enter the sale of some inherited jewellery. The dealer said has to report his purchases to the IRS, even though he has not given me any sort of 1099

Forum|Forum|1 year ago
February 23, 2025
1 reply
0 views

I have made a loss based on the estimated valuation when inherited, but feel that the sale should be reported. I do not expect to deduct the loss

Employee

You can't deduct the loss.

see IRS.gov on 1099-K for how you should report the sale of personal items.

The rules apply whether or not you actually get a 1099-K.