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Selling a Collection of Fossils and 1099 K
I followed the instructions given by Turbo Tax for selling a Sports Card Collection and receiving a 1099 K.
I was able to get as far as to enter the description 1099 K Personal Property Sales and to enter the full amount of the 1099 K. But that's it.
The instructions then continue with: Next, enter an adjustment to reflect the cost of these items as an offsetting, negative amount up to the amount of the income.
For the cost description include Form 1099 K and Cost of Personal Property
I am unable to enter an adjustment for the cost of personal property.
‎February 15, 2025
2:54 PM