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Deb23356
New Member

Why is turbotax having me list every personal item I sold (at a loss) rather than allowing me to report it as 1 lump sum on schedule 1 form 1040? (for 1099K)

Hi, I encountered this issue as well and basically just ignored it and filed anyway. Waiting to see if my return will be accepted. Was yours accepted?

Sue P
New Member

Why is turbotax having me list every personal item I sold (at a loss) rather than allowing me to report it as 1 lump sum on schedule 1 form 1040? (for 1099K)

I am having the same issue.  When I look back at last year's return, the personal sale amount was just reported on Schedule 1 as a lump sum.  We didn't have to do any itemization.  If there is truly a bug in the system, how does that get reported? 

Why is turbotax having me list every personal item I sold (at a loss) rather than allowing me to report it as 1 lump sum on schedule 1 form 1040? (for 1099K)

I had the same issue.  I tried to ignore it and continue to e-file. After 'transmitting your tax return to IRS', it brought me back to the review page.  I was so confused and went back and forth trying to figure it out.  Finally I lost my session and I had to relogin. But surprisingly when I logged back in I found my tax has been filed.  So I would suggest you to ignore the review request and go directly file, and ignore if it takes back to the review page.  Afte a while, check back in and maybe you already filed! Good luck to everyone.

vasia2
New Member

Why is turbotax having me list every personal item I sold (at a loss) rather than allowing me to report it as 1 lump sum on schedule 1 form 1040? (for 1099K)

Same exact issue. 1099-K highlighted for review. Spent hours with support, no help. They did send me a link for installed version - after i imported on-line return, i no longer got "review" but Schedule 1 is not generated in the list of documents "ready to efile" list. Weirdly enough, if i force go to Schedule 1, it has correct information filled out. I will do mail file and print Schedule 1 separately. This way at least guaranteed it makes it to IRS. Good luck to every one.

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