If you enter the sale (assuming the entire 1099-k was for this one transaction) as a capital gain, you can skip entering the 1099-K. Just keep it with your tax records. How to enter a capital gain - you will enter it as if you have a 1099-B form. Personal losses are not deductible and must be indicated as such if included.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
