KrisD15
Expert Alumni

Get your taxes done using TurboTax

Proceeds need to match proceeds. 

You need to make that number match total proceeds only. The loss was already subtracted when you entered 796 on the first screen. 

 

On the snip below, you should show a total of 10,205 in Proceeds (in the blue box)  if your 1099-K was 11,001 and 796 doesn't count. 

Proceeds are NOT the same as profit. 

You sold for 10,205, but what did they cost you to purchase before you sold them? 

 

In the example below, we needed to account for 1,098 proceeds. 

 

 

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