Get your taxes done using TurboTax

Are you reporting IRS form 1099-K and personal items?  Or something else?

If you are only reporting the sale of personal items, it is possible to bypass the IRS form 1099-K entry and post the sales directly to an IRS form 8949 / IRS form 1099-B.

However, you would have to report the IRS form 1099-B Sales Proceeds equal to the IRS form 1099-K box 1a so that the IRS knows that you are acknowledging and reporting the IRS form 1099-K that was issued.  Even then, you would want to retain all sales records with your tax return information should a tax authority has a question at a later time.

To enter the form manually In TurboTax Premium Online, follow these steps:

1. Down the left side of the screen, click Federal.
2. Down the left side of the screen, click Wages & Income.
3. Click the down arrow to the right of Investments and Savings.
4. Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).
5. Click Add investments.
6. On the Let's import your tax info screen, select Enter a different way.
7. On the OK, let's start with one investment type screen, select Stocks, Bonds, Mutual Funds, then Continue.
8. At the screen Which bank or brokerage, enter the information.  Click Continue.
9. Do these sales include any employee stock, enter No.
10. Do you have more than three sales, enter Yes.
11. Do these sales include any other types of investments, enter No.
12. Did you buy every investment listed, enter Yes.  Continue.
13. On the screen Now, choose how to enter your sales, select One by One.  Select Continue.
14. At the screen Look for your sales on your 1099-B, select Continue.
15. Enter the IRS form 1099-B information.  Select Continue.
16. Select Add another sale to add another transaction.

@smallgreenfrogs