RobertB4444
Expert Alumni

Get your taxes done using TurboTax

So the first screen you should have ticked the 'personal item sales'.  And you did that.  Then on the second screen you'll enter the gross amount from your 1099-K as well as any portion that should be excluded from income (fees and whatnot) and you did that.  On the third screen you should enter the total amount from the 1099-K that represents the amounts sold at a loss.  That should be fine.

 

Double check that when you entered the 1099-K that you checked the box that says "some items were sold at a loss" and not the box that says "all items were sold at a loss".  In order to get back to that option you will have to delete the 1099-K and re-enter it.  I don't get an error when inputting your data if I tick the "some items" box but I do if I tick the "all items".

 

@hcmetz 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"