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Get your taxes done using TurboTax
JamesG1, thank you for your April 6 post. I don't know if it's just my version of TT Premier, but the navigation instructions you cited don't follow my version of TT. That said, I still can get to the screens you discuss that are at the heart of the issue. I have several questions to follow up.
1) On my "Your 2024 Income Summary" screen, there is a "Income from 1099-K" subheading where I click on Personal Item Sales which gets me to the "Let's get the info from your 1099-K" screen you reference. On this screen there is a question "Enter the amount that shouldn't be included". My question, If your Live Nation/Ticketmaster 1099-K Box 1a showed an amount greater than the proceeds you actually received (the buyers fee plus your seller's fee being the difference, likely), then do you enter -zero- or do you enter the amount of the difference?
2) The next screen in TT (after the above) is titled "Personal Item Sales" and asks for the amount if you sold some items "at a loss or had no gain". If you have a basis of $200 and you sell the item for $150, am I correct in assuming you should enter $150 here?
Thank you.