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Get your taxes done using TurboTax
Delete the Schedule D
Enter Form 1099-K under
Income
Other Common Income
Income from Form 1099-K START
On the “Did you get a 1099-K?” screen, select “Yes”
On the “Which type of income is your 1099-K for?” screen, select “Personal item sales” CONTINUE
Enter the 1099-K as it was reported
NOTE: ONLY select the box for “This amount in box 1a is too high or includes some personal transactions” if it shows things like birthday gifts you received or when someone sent you money to split a dinner cost.
CONTINUE
Next screen make a selection-
If all the items you sold were sold at a loss or just broke-even, you would select “All items were sold at a loss or had no gain” If ALL the items were sold and you did not realize a gain on any single item, you would not need to enter the sales .If no gain, you would be done at this point
CONTINUE
Finish the interview and select done on the “Your 1099-K summary” screen
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