Hi all. I received a 1099-K for the 1st time and don't know how to handle some of the transactions. For 5 of my 8 transactions, I received money from people as part of a donation collection for a teacher appreciation gift. However, those people used their credit cards instead of using the friends and family option to send me the money. How do I input this into turbotax so I can correctly articulate the money was not income for me but rather for a gift?
My other 3 transcations were items that I sold. I believe I can input those into the stock category on turbotax to indicate the gain made from their selling. Is that correct?
