PatriciaV
Expert Alumni

After you file

No, you don't need to add a line for each of the 30 items that were sold for a gain. You can enter the related totals for these items as the proceeds and the amount paid (cost).

 

To summarize:

The 1099-K entry for personal items reports the amount on the 1099-K, then adjusts that number to the actual remaining gain. The transaction you edit under Investments reports how much of the remaining proceeds is income from gains.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"