Get your taxes done using TurboTax
Yes, those are the correct steps as long as you first enter the 1099-K under:
Income
Other Common Income
Income from Form 1099-K START
On the “Did you get a 1099-K?” screen, select “Yes”
On the “Which type of income is your 1099-K for?” screen, select “Personal item sales” CONTINUE
Enter the 1099-K as it was reported
CONTINUE
On the next “Personal Item Sales” screen, choose “I sold some items at a loss or had no gain”
CONTINUE
Finish the interview and select done on the “Your 1099-K summary” screen
This is where you switch to the other section:
Go back to:
Income
Investment Income
Stocks, Cryptocurrency, Mutual Funds, Bonds, Other click UPDATE
The next screen should show “Personal items sales (1099-K)”
Click REVIEW to open
Enter each sale that resulted in a gain
