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1099 - k sale of tickets at both a loss and a profit
I am having a circular error when trying to record my 1099K from Stubhub. I sold 20 games from my Season Ticket holder package, some with profit and others with losses. I have loaded each game that generated the payments from Stubhub and they all balance to the 1099K. The circular error on Turbo Tax is that the reconciliation on the 8949 worksheet keeps stating that the amount reported does not match the 1099K form in a box above the calculations. This is because the worksheet is picking up the proceeds from the sale of the gains and not the losses.
Example $10k in proceeds, $7K in gains and $3K in losses. The amount carried through to the worksheet is $7K and says I have an error...that I cannot adjust. However the information in the details in the worksheet show the correct total...but the circular error message still appears. TT says I am not done with the return...what should I do to reconcile the form?
The step by step acknowledges that there were some losses that will not reduce the tax and I understand that. This appears to be a TT circular error that I cannot figure out how to correct or override so I can complete my return.