What is a personal item on a 1099-K?
A personal item is something you owned for personal use, such as a car, refrigerator, furniture, stereo, jewelry, etc.
For example, if you sold a couch you'd been using in your living room and were paid through Venmo, this transaction would be considered the sale of a personal item if it was included on your 1099-K.
For example, if you sold a couch you'd been using in your living room and were paid through Venmo, this transaction would be considered the sale of a personal item if it was included on your 1099-K.
