@JamesG1 Thank you for your response. Your method is doing to via 1099B correct? However when you read IRS guidance it says:
f you receive a Form 1099-K for a personal item sold at a loss, report the information on Form 1040, Schedule 1, Additional Income and Adjustments to Income with offsetting transactions. For example, if you receive a Form 1099-K for selling your couch online for $700 you will report:
- Part I – Line 8z – Other Income – Form 1099-K Personal Item Sold at a Loss $700
- Part II – Line 24z – Other Adjustments - Form 1099-K Personal Item Sold at a Loss $700
So are you saying that it can be reported on the 1099B per your description contrary to the IRS website?
Thanks
