Turbotax 2025 Ebay Sale. TurboTax Review 2023 Pro + Cons and Walkthrough YouTube Yes, you do need to enter your business income and expenses on a Schedule C At the screen, Let us know if any of these situations apply to this sale, sales expenses may be recorded
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TurboTax Review 2023 Pro + Cons and Walkthrough YouTube. (But you also cannot claim the loss on your tax return.) If you get a 1099 reporting form from eBay you will have to report the sale, but there will be a way to cancel out the income so that you do not pay any tax When you enter your Form 1099-K there is a screen that says What type of income is your 1099-K for? To which you need to respond Self-employment income.Later in that section you will see a screen that says Your self-employment 1099-K income where you can select the Schedule C you have already set up, or you can set up.
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