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Get your taxes done using TurboTax
You can avoid this Smart Check message by editing your entries for Form 1099-K.
On the page "Let's get the info from your 1099-K," enter the same amount from Box 1a under the statement "This amount from box 1a is too high or includes some personal transactions."
This entry will zero out the 1099-K (no gain or loss), which is the expected result for the sale of personal items at a loss. No entry needs to be carried over to the investments section for additional input.
The instructions in the Learn More link appear to be incomplete. We will forward this experience to our team for further investigation.
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March 16, 2025
8:55 AM