Colmatt
Level 5

Received 1099-K for $2000+ sales of personal items.  On-line tag sale items if you will...System wants me to link to C, E, F...I would think maybe D sale of asset and it would end up washing to 0.  Could set up on C I suppose as hobby selling misc items.  Advice please.

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Ernie
Level 9

Did they sell these items for more than they purchased them?

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Colmatt
Level 5
Definitely not
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Ernie
Level 9
I would make sure they have that documented.  Then I would put it on Schedule C as that is where the IRS is going to look for it.  I would enter COGS of the same amount.

You may other opinions.
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