Ok... so now I'm confused again.
Suppose 3 items sold for a total of $300 sale price for all three:
Item 1: Sold for $150, cost $130. ($20 gain)
Item 2: Sold for $100, cost$90 ($10 gain)
Item 3: Sold for $50, cost $60 ($10 loss)
Overall, a profit of $20, with one item sold at a loss
1) I entered the 1099-K, which wanted:
a) Type of income (personal items)
b) Gross amount of "transactions", which is NOT loss or gain, but just the sold for price + shipping. So that's $300.
c) A reference indicating some items were at a loss and asked how much of the "proceeds" were items at a loss.
2) For the 1099-B section, I itemized
d) Sale proceeds (Sales proceeds are the total amount you received from the sales.)
e) Cost of item (which includes original item cost, shipping to me, shipping to customer)
The software is saying that the two are linked
It added all of the D items and said it needs to match the item B, minus the value C.
If D is the total received (gross sale price of $300), I'm assuming the only way that works is if item C is listed as $0
Or am I supposed to put 300 and 50 in for items B and C, but then for item in the 1099-B, only list the items that sold for a profit and ignore the others which inaccurately reports my gains overall (reports as $30 when the overall gain is only $20)
