Get your taxes done using TurboTax

If I’m understanding your question correctly, you received Form 1099-K for the sales of business assets and want to offset the gross income.

In that case, do not enter Form 1099-K in the Form 1099-K section. Enter it as the gross sales price for your assets in Sales of business property.

1. Type sale of property in Search (magnifying glass) in the top right corner.
2. Tap Jump to sale of property.
3. On “Any Other Property Sales” select Sales of business or rental property that you haven’t already reported, then Continue.
4. Answer Yes or No on "Sales of Business or Rental Property."
5. On "Sales of Business or Rental Property" – Enter the following information about your sale, use the Form 1099-K Box 1a amount as the Gross Sales Price.

@RolloM