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trbanach
New Member

1099k

Going to try this again.  If every item is sold i sold at a loss, do I need to list each transaction individually?  Seems that I am caught in some kind of logic loop with the online version.  I have deleted and re-entered by 1099k several times now.  I select Personal Items, then select All items sold at a loss or no gain.  I keep getting the message that the 1099k needs more information.  Deleting or adding or changing the gross amount of the 1099k does not change the tax liability, so it seems that the amount is not being used to add to capital gains.  The question still is, do I need to list each transaction if all items are sold at a loss?

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1 Reply
Vanessa A
Employee Tax Expert

1099k

No.  If all items were sold at a loss, you do not need to list each item separately.  

Since adding it and deleting it are not changing the amount that you owe or get back it sounds like it is being properly reported at the top of Schedule 1.

When you get the message needs more information, does it show any red boxes?  Did you clear cache and cookies after deleting?

 

 

 

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