Here’s how to enter a Form 1099-K in TurboTax when some items are reimbursements, gifts or personal items sold at a loss while a few are taxable income:
- Type 1099-k in Search (magnifying glass) in the upper right
- Tap Jump to 1099-k
- On “Did you get a 1099-K?" say Yes
- On “Choose which type of income your 1099-K is for," select Personal item sales
- On “Let’s get the info from your 1099-K," fill in boxes, then Continue
- On “Personal Items Sales,” select Enter the total proceeds for items sold at a loss or no gain in the box. Enter the total value of non-taxable transactions. This number should be less than Box 1a of Form 1099-K.
Learn more at Form 1099-K Frequently Asked Questions: General.
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