Scott M. asked
In 2014, my husband and I sold many personal items we had acquired over many years after becoming unemployed at the end of 2013. We sold these items on eBay and received a 1099-K from PayPal for $112,691. We did not file a tax return for 2014, but the IRS is now asking us to do so. I need to know if there is a special schedule for personal items sold, if we need to list 'cost of goods' sold, and where to report this on our tax return.
October 23rd, 2023
Brittany W. answered
Personal items sold are not typically reported on your tax return. However, since you received a 109...
October 23rd, 2023
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