Yes, that is the section you want.
That is the Investment section.
Once a Form 1099-K is entered AND IF you selected "All Items were sold at a loss or had no gain" (which is your case from what you posted, that everything you sold was sold at a loss) there would be no additional steps for you to take in the TurboTax program.
ONLY if at least one item sold for profit would there be a place generated for you to continue and report that gain.
If you have a 1099-K and the amount reported on the 1099-K is only for things you sold on E-bay and no any one sale resulted in a profit, the Form 1099-K need not even be entered into the TurboTax program, no income will be reported. The program won't do anything with it if it is not reporting taxable income.
TurboTax uses the 1099-K to report any taxable income you may need to report. There is no one spot for Form 1099-K on the tax return (1040) yet. It is a new form and it is used to report many different things. I assume the form will be updated to reflect just what type of income it is reporting, but right now it's more of a tool to calculate income that needs to be reported in a different place on the tax return. Your Form 1099-K is not reporting taxable income. Keep a copy with your tax file and maybe a list of the things you sold, but you don't have to report form 1099-K since there was no profit.
1099-K link
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