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Get your taxes done using TurboTax
Yes. You can deduct expenses of sale if they were included in the Form 1099-K gross amount.
I don't see "I paid sales expenses that aren't included in the sale proceeds reported on the form"
Are you entering your Form 1099-K in this section?
- Type 1099-k in Search (magnifying glass) in the upper right
- Tap Jump to 1099-k
- On “Did you get a 1099-K?" say YES
- On “Choose which type of income your 1099-K is for," select Personal item sales
- On “Let’s get the info from your 1099-K," fill in boxes, then Continue
- On “Personal Items Sales,” select I sold some items at a loss or had no gain
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February 15, 2023
5:24 PM