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1099-K Personal property sales with a mix of gains/losses
I've tried to find the answer, but keep going down the wrong rabbit holes. I have Turbo Tax Desktop Deluxe. I'm not self-employed, run a business, or anything like that. I've just sold a few personal items on ebay (some at a small profit, some at a loss). Ebay sent me a 1099-K just like they did last year. But this year the entries for TT are different (or they seem so). Can I even enter this with Deluxe? I completed the 1099-K summary section with: -Personal item sales - Issuer -TIN # - Gross amount of sales (total on the form) - Selected "sold some items at a loss or had no gain" - Entered total proceeds that were at a loss. I assume that means the sale price for the items at a loss. All others were sold at a profit. That's where it starts wanting me to fill out the section for "Stocks, Bonds, ... other". There are entries for accrued Market discounts, wash sales, and a bunch of items that make no sense to me. This is mixed household and personal memorabilia, from books, to figures, to purses. I just want to find some way to enter that I sold: Item 1: Gross earning, Cost, Net (either positive if profit, or zero for a loss) Item 2: etc. HELP! Am I even in the right area?
‎February 22, 2023
7:20 PM