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Get your taxes done using TurboTax
I proceeded, with just marking Done after notating "All items were sold at a loss or no gain" and continued on. When I completed the Federal Reserve Check, it caught to areas for review, one was the 1099-K information that was entered and that the recognized revenue from that 1099-K had to be allocated to one of the following forms Schedule C, D, E, F or Form 4835. As the items were personal items held longer then 1 year, the would need to be entered under Schedule D for long term capital gains, in actuality a breakeven, since you can not take a loss on personal items. My snipping tool will not allow me to show the screen.
March 15, 2025
3:10 PM