Get your taxes done using TurboTax
Let's try this again. You entered one or more IRS form 1099-K's and selected Personal item sale.
For each IRS form 1099-K entered, the detail on Form 8949 / Schedule D must equal the total of the IRS form 1099-K. Paypal will be $345. Ebay will be $1,013.
You entered the IRS form 1099-K's and selected Personal item sale at this screen.
The entry of each 1099-K has created a worksheet in which you need to enter the personal items, their costs, selling prices, dates and other information.
Each worksheet will generate entries that flow to the Schedule 8949 / Schedule D Capital Gains and Losses.
The total of the proceeds column must equal the total of the IRS form 1099-K or the software will give you an out of balance error message.
Paypal will be $345. Ebay will be $1,013.
You may elect to delete the entries and start over.
You are able to remove the 1099-K(s) by following these steps:
- Down the left side of the screen, click on Tax Tools.
- Click on Tools.
- Click on Delete a form.
- Find the form listed and click Delete to the right.
Remove the worksheets here by clicking the delete trashcan.
