Скачать с ютуб How to Report Form 1099-K on Form 1040 for Personal Use Sales в хорошем качестве

How to Report Form 1099-K on Form 1040 for Personal Use Sales

If you received Form 1099-K for selling some used items online, you should report those sales transactions on your personal tax return. If you sold those items for a gain, that is a taxable capital gain. If you sold them for a loss, the losses are not tax deductible. For a follow up video on 1099-K related to personal items, view our video here:    • U.S. Taxes on Sale of Personal Use It...   If you received a Form 1099-K related to your business, check here:    • Where Do I Report Form 1099-K on My T...   For a larger database of tutorials, please visit our website and search for your question: https://knottlearning.com/ DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials. #IRS #Form1099K #Form1040