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Level 3
March 12, 2026
Question

1099K from ebay

  • March 12, 2026
  • 1 reply
  • 5 views

Client received a 1099 K from eBay for sports jerseys he sold, some at a loss some he made money. He is not in the business of buying and selling, just every few years he gets  rid of old/not popular items. Normally what he sells is at a loss, not this year. I have entered the items on schedule D , but struggling as to account for the 1099K as I have put it under other income Maybe I am overthinking this, any help would be appreciated. Thanks in advance

 

1 reply

dascpa
Level 11
March 13, 2026

If the net is a loss for the year go to the 1099-K worksheet, and then fill in the 1099-K Reconciliation section towards the bottom of the screen. Be careful, certain sports jerseys might be considered a "collectible".