IRS Form 1099-K

Bob24380

I receive Form 1099-K from second hand sales on eBay. There is no category for this form. Can you help?

volvogirl

You don't need to enter the 1099.  You should be entering the sales income you received when you sold the item.  If it not for business income then put it to other or misc income.  Or are you asking about your tax return?

Ps56k2

The 1099 are just a "report" -

you should have made Quicken entries for the actual historical transactions, whatever they are....
and should therefore match the 1099-K... just like with any other 1099 you receive

[Deleted User]

The rules for 1099-K reporting have changed drastically for 2022.  The reportable payment limit has been lowered from 20,000 to 600 and the transaction threshold of 200 transactions have been removed.  The 1099-Ks are not always accurate, so keeping good records is critical.  I think because of these recent 1099-K changes, we will be seeing more questions from Quicken users on the subject.