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Get your taxes done using TurboTax
I have read the thread from the beginning. We are all trying to get your form reported in the right place with the right income. Each answer of yours helps.
The first expert gave the most common example and asked for clarity. He also explained where the different parts should land. The second expert had you enter the 1099-K and call it done. Which should be the case, oddly, you need to connect to the sch D even though there is no taxable entry. The 3rd expert did offer a work around. It sounds simple to connect to the sch D, show the income and loss, zero out, no problem. Any income would go to Sch 1 as @ThomasM125 stated.
I entered a 1099-K, selected personal items sold. I sold at a loss or no gain, done. I passed the federal review. I have checked my Sch D, form 4797, and Sch 1, the 1099-K is not showing. I am using the desktop version and the answer given by @KrisD15 works for me. If your program wants you to connect to Sch D, go ahead, there is nothing taxable. The other form choices you mention are not correct for your situation. My 1099-K summary does show the details.
A full or corrupted cache can cause problems in TurboTax, sometimes you need to clear your cache (that is, remove these temporary files).
Online version:
- Delete the form 1099-K, see How to Delete
- Log out of your return and try one or more of the following:
- Log back into your return.
- Enter the information again.
Desktop version:
- Delete the form
- Save your return while closing the program.
- Update the program
- Open
- Enter the information again
See How do I enter a 1099-K for personal item sales? & Understanding Your Form 1099-K
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