Get your taxes done using TurboTax

Yes there is a correct way of reporting this if these were personal items sales. Before you perform these steps, you may wish to delete your previous entries.

To report Personal item sales in TurboTax Online, follow these directions.

1. Select Federal.
2. Select Wages & Income.
3. Click Show more to the right of Other Common Income.
4. Under Your income and expenses, click the Edit/Add button to the right of Form 1099-K.
5. At the screen Did you get a 1099-K? click Yes.
6. At the screen How would you like to enter your 1099-K? click Type it in myself.  Click Continue.
7. At the screen Choose which type of income your 1099-K is for, select the button for Personal item sales.  Click Continue.
8. At the screen Let’s get the info from your 1099-K, enter the information. Click Continue.
9. At the screen Personal Item Sales, you are told that further information will need to be entered.  Learn More provides detailed information for the next steps.  Click Continue.
10. At the screen Your 1099-K summary, notice that the income relates to ‘Sale of Personal Items’.  Click Done.
11. Under Your income and expenses, click the Edit/Add button to the right of Investments and Savings (1099-B, 1099-K….)
12. At this screen, you will be asked to Review the Personal item sales (1099-K).
13. At the screen Now, enter one sale…., answer questions about the personal item sale.  Click Continue.
14. If you have many sales, you may summarize your sales. You will be able to electronically file your return but you will need to send in details about your summary totals.  Turbo Tax will instruct you on how to do this.