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Get your taxes done using TurboTax
The 1099-K show the gross sales amount and does not exclude shipping costs or cost of personal items sold.
Turbo Tax doe not have a function to on Sched 1, line z, to enter the shipping costs and cost of personal items.
As this was sold at a loss, I need to know what line Turbo Tax allows me to enter the costs which will zero out the amount on the 1099-K as there was zero net income from the sale of my personal items.
Thank you.
‎April 10, 2025
7:02 AM