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In TurboTax, how do I enter Personal Items Sold at a Loss to appear at the top of Schedule 1?
Relevant info:
- not a business activity
- Didn't receive a 1099-K, but gross proceeds from sales were over $600
- I also sold a few Personal Items at a Gain, which I have already input under the investment income section (and have confirmed they show up in Form 8949 and Schedule D).
Initially, I was able to get Personal Items Sold at a Loss to show up on Schedule 1, Line 8z, but there seemed to be no way to get the offsetting entry to show up on Line 24z. Come to find out, it seems like the IRS guidelines may have changed from past years; this page, "What to do with form 1099-K," says you can either report Personal Items Sold at a Loss at the top of Schedule 1, OR on Form 8949, carrying to Schedule D. The easier route seems like it would be to put it at the top of Schedule 1 -- as I understand it, a single entry of gross proceeds (and no need to zero it out elsewhere on the form). So my question, assuming this is correct, is: How do I do that in TurboTax? Again, did not receive a 1099-K. Thank you in advance!