KrisD15
Expert Alumni

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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