Thank you. One last question so I can get this straight.
Under the 1099-K, it asks about for Personal Item Sales:
- I sold some items at a loss or had no gain
Enter total proceeds for items sold at a loss (dollar amount, unsure if they mean the gross of that sale item price or the loss on that sale (gross-cost))
However, under the section for the 1099-B/Other:
When it does a form check, It says there is a mismatch with the 1099-K, since it subtracted, the "loss" of that one item. 1 item sold at a loss of 20
So for example the 1099K says $600 gross sales, but 1 item sold at a loss ($20)
The error says the 1099-B needs to match the "linked" 1099-K at $580, where the 1099B is showing the 600 gross, net losses, and overall profit.
It works if I just leave the line I sold some items at a loss or had no gain with $0. Is that correct? Or am I doing something backwards and need to change the 1099-B?
