1099-K issued for personal item sales (Reverb). All items were sold at a loss. TT generating Schedule 1 line 8z with both the box 1a amount and then another line below it with the negative offset, even though IRS guidelines state to enter the negative offset on Part II line 24z. Why hasn't TT fixed this issue? Has anyone submitted tax returns done this way? Any problems?
If the sales are instead reported on form 8949 and Schedule D,
Do the sales need to be listed individually? Or can you just have one line item with "various" dates, total "proceeds" and total "cost basis"?
What happens to Schedule 1 and the 1099-K Wks, since they were already generated when asked if you received income from form 1099-K in the "1099-MISC and Other Income" category?
