Sorry to be such a pain in the neck, but I'm still not convinced. The information block at the top of Schedule 1 for 1099-K's is new this year. Last year, you had to reconcile things using lines 8z and 24z. But it looks as though the IRS wants to see the 1099-K stuff right at the top of Schedule 1 this year (particularly when it is all personal items sold at a loss) and you don't have to fool around any further with income and offsets on 8z and 24z.
I understand that TT has internal worksheets that reconcile this - they are all completed accurately in my return.
BUT... By TT not including Schedule 1, how does the IRS see that I have reported my 1099-K? Does TT transmit the internal worksheets to the IRS? I think not. In fact, if I just print out my return as if I was going to mail it to the IRS, Schedule 1 doesn't appear, worksheets don't appear and anything relevant to my 1099-K is absent. This is my concern.
Incidentally, I can force TT to include Schedule 1 in my return (as I think it should) by simply going to line 8z, other income, entering "Miscellaneous" with an amount of $0.00. Then Schedule 1, with the 1099-K info at the top, gets included in my return.
