KrisD15
Expert Alumni

Get your taxes done using TurboTax

There was a time when the 1099-K was entered, then an adjustment for it was made in the "Investments section".

Now, if you enter the 1099-K for personal item sales, did not realize a gain on any of the items, you only need to enter it once. 

 

If you DID make a "profit" or "gain" on any items, (it will not be INTEREST) it would be Capital Gains and the 1099-K should be "linked" and found under-

Investment Income

"Stocks, Mutual Funds, Bonds, Other"

 

IF NO GAIN, Enter the 1099-k under

Income

Other Common Income

Income from Form 1099-K

Start 

"Did you get a 1099-K?" YES

SELECT PERSONAL ITEM SALES on the "Choose which type of income your 1099-K is for" screen

Continue

Enter the information from the 1099-K

Continue

Select "ALL ITEMS WERE SOLD AT A LOSS OR HAD NO GAIN" on the "Personal Item Sales" screen

Continue and Done

That's all you need to do, there is no income and no loss (personal item sales cannot generate a loss) 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"