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When reporting the IRS form 1099-K, I would post box 1a as the amount reported on the form. I believe that the amount is $90, the $100 less the $10 fee. I would not select This amount in box 1a is too high or either option at the screen Personal Item Sales.
When reporting the IRS form 1099-B, I would post the same amount reported above as the Proceeds. I believe that the amount is $90.
At the screen Let us know if any of these situations apply, you may report an amount under I paid sales expenses. However, I think the $10 fee has been 'netted' on the IRS form 1099-K box 1a. If I am understanding correctly, I would not report the $10 there.
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March 10, 2025
6:50 AM