If the 1099-K is ALL for personal losses, there is no need to bring Form 8949 into your tax return. Sometimes, taxpayers get a 1099-K that has personal gains and losses. In that case, you would need the 1099-B to report the gain on the sale.
But in your case, an entry and a negating entry on Line 8 of Schedule 1 will suffice. Both entries will be on Line 8z. Personal losses are not deductible nor taxable, so they do not require an entry. However, since you received the 1099-K, you want to enter it and then immediately remove it. Entering it the way Mindy described above will do both entries simultaneously.
Keep your records in the unlikely event you receive an inquiry. Rest assured, TurboTax complies with all federal and state tax law.
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