MarilynG1
Expert Alumni

Get your taxes done using TurboTax

If you received a 1099-K for investment (or personal) sales, go the 'Stocks, Mutual Funds, Bonds, Other' in the Investment section.

 

Indicate that you didn't receive a 1099-B and enter the info from your 1099-K. 

 

If you're using TurboTax Desktop, go to FORMS in the upper right to access forms/worksheets and delete the 1099-K Worksheet so you won't double-report the income or have linking errors.

 

Your sales will be reported on Form 8949 and Schedule D.  Personal sales losses are not deductible, but a gain on sales of personal items (rare) will be taxable as a Capital Gain. 

 

Here's detailed info on Form 1099-K. 

 

 

 

 

 

 

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