Get your taxes done using TurboTax

sohayda · ‎February 23, 2023

Hi Dawn, thank you.

In the first picture of my last post it shows no cents because the tax software seems to have rounded it down. I have never entered my 1099-k as $1276 and only ever entered it as the full value of $1276.29
I did; however, adjust line 2a to $133 (also rounded, but this time up) when I received the first error during the review (instead of listing $132.57 my ACTUAL gain) so that the value would total correctly as the software filled in line 2b as $1143 (another rounded value as I had input $1,143.72 so not sure why it rounded down).

Again, I never rounded anything when entering my 1099-k form. To recap, my ebay sales were $1276.29, my gains were $132.57 and my non-reportable personal sales are $1,143.72. When I entered the info into the software I entered the full 1099-k value $1276.29. The software misdirected me to list the non-reportable personal sales as $1,143.72 when it opened up the secondary field and asked me to list the amount that SHOULDN’T be included from box 1a of my 1099-k and then I also reported $1,143.72 when it asked the total proceeds sold at a loss or had no gain. This seemed to result in the 1099-K reconciliation section showing a value of $1143 in field 2a and 2b and that is what produced that first error. I was asked to manually adjust field 2a so I amended that to say $133 at that time. That is when I got the second error suggesting that I had two 1099-k forms.

I entered the details of my 1099-k exactly as they are listed on the form when I was following the steps of the software.

The software then created the 1099-B so I could input the purchase details and I am not clear what needs to be linked where, I would think the software I paid EXTRA money to get access to this form would be able to do that.

In the fourth picture of my last post it says that my 1099-k value is $1276.29 because that is the value on my 1099-k that I entered. I do not have two. I did the search like you suggested, jumped to the section and below is a screenshot of my 1099-k. As you can see there is only one. It is for $1272.29 to ebay. There is none listed for $1276.

Schedule 1 line 8 of the 1040 preview shows no value. (screen shot attached)