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Get your taxes done using TurboTax
The more I think about this, the less it makes sense. If Schedule 1 has the info box at the top for 1099-K personal item sales (all at a loss) and TurboTax doesn't include Schedule 1 during filing because there are no other Schedule 1 items, then what is the point of filling out the info box? If the IRS looks for the corresponding 1099-K amount in my return, it will be nowhere to be found (I assume this is true both for e-file and printed mail submissions). Or is that 1099-K amount "hidden" somewhere in the printed or e-file forms submitted?
Seems to me if there is ANYTHING written on Schedule 1, it ought to be part of my return. Period.
‎January 18, 2025
12:51 PM