MindyB
Expert Alumni

Get your taxes done using TurboTax

You don't need to enter the items individually if you sold them all at a loss. You also do not need to fill out a 1099-B.  I advise you to delete what you entered in the 1099-K entry, self-employment, and investment entry if they appear.

 

Here is how to report personal items sold with no gain in TurboTax Online:

  • Within your tax return, go to the magnifying glass icon on the top right, type 1099-K and select the Jump to 1099-K link in the search results
  • Choose Add a 1099-K
  • The next screen will ask "Which type of income your 1099-K is for?" choose Personal item sales, then Continue
  • Enter the information from your 1099-K
  • After you choose continue, the next screen will show "Personal Item Sales". Here is where you choose "All items were sold at a loss or had no gain"

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