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Get your taxes done using TurboTax
It can be fixed by using the steps below. First you should remove the 1099-K from your return and next you can take the steps below to enter it and remove it. The reason you can do this is because, if I understand your comments, you sold every single item at a loss. The key is that your tax return is accurate and complete based on your situation.
First delete your 1099-K from your return --Keep it with your tax return with notes should you need it later--.
- If you're using TurboTax Online software and need to delete a form, click here.
- If you're using TurboTax Desktop software and need to delete a form, click here.
Next, enter the income following the steps below.
Other Miscellaneous Income:
- Sign into your TurboTax Online account
- Go to Tax Home (left panel) Wages and Income section
- Scroll to Less Common Income > Select Miscellaneous Income, 1099-A, 1099-C
- Select Other reportable Income > Enter a description such as 1099-K Personal Items and the amount on your form
- Repeat steps 1-4 description should be 'cost of personal items sold' or similar description, then enter a negative amount (-100 as example)
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March 15, 2025
11:37 AM