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Get your taxes done using TurboTax
You have to tell TurboTax you did not get a 1099-B. your transction is marked Box F.
If you sold items at a loss and you are using F8949
Loss on Personal Items is not deductible so you have to enter an adjustment to cancel the loss,
the adjustment is in Col g. the adjustment code (Col f) is "L"
Description: "personal items"
Gain on Personal Items is a taxable gain.
you can also adjust for expenses of sale.adjustment code is "E" or "LE".
The proceeds subtotals should add up to your 1099-K
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See IRS website for another way to report those sales.
March 28, 2025
12:15 PM