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Various-Category4642 OP t1_j6oc8ur wrote

Reply to comment by nothlit in Issues with my eBay 1099 form by Various-Category4642

Personal sales on ebay

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nothlit t1_j6ocv8d wrote

Was everything sold at a loss, or was there a mix of gains and losses?

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Various-Category4642 OP t1_j6od8h7 wrote

There were a couple items sold for a pretty large profit (2 or 300 bucks profit before fees and shipping) but most was for a loss or breaking even

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nothlit t1_j6oewxx wrote

For the items sold at a loss, combine them together and report as indicated here under "personal items sold at a loss."

For the items sold at a profit, report them on Schedule D.

Schedule C (Profit or Loss from Business) is not needed since these were personal use items.

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Various-Category4642 OP t1_j6ohxwo wrote

Where would I report expenses such as fees and cancellations that were included in the total on the form?

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nothlit t1_j6oir04 wrote

https://www.irs.gov/newsroom/form-1099-k-frequently-asked-questions-general

> You should include all fees (e.g., selling fees, payment processing fees, etc.) associated with the sale of your personal items in your basis when computing your gain or loss on the sale. See Publication 551 for additional information. In general, you should adjust your gain or loss on the sale of your property by the amount of expenses and fees paid to facilitate the sale.

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