Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

1099-K For sale of personal items, where enter? Proseries wants to link to C, E, F. I'd think B.

Level 3

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.

Labels (1)
0 Cheers
1 Solution

Accepted Solutions
Level 8

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

View solution in original post

0 Cheers
3 Replies 3
Level 8

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

View solution in original post

0 Cheers
Level 3
Definitely not
0 Cheers
Level 8
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.
0 Cheers