Thank you Joseph. I have tried this several times. However, using Turbotax Home and Business 2022 Desktop, step 5 does not work. When I go to Investment and Savings Screen it shows a line for the 1099K income, however when I edit it it does not offer "What type of investment did you sell" so I cannot select "Personal Items". Instead it goes to "Sale #1, Total proceeds, COGS, and holding period" Turbotax is now entering data into a 1099B not filling out Schedule 1 lines 8z and 24z as instructed by the IRS. I assume that Turbotax Desktop Home and Business 2022 needs and update for this, but I was not able to get a correct answer from Intuit yesterday on a phone call. Do you know anything about an update???Thank you, PeggyH3
- On Your Investments and Savings Summary screen, you’ll see a line item for your 1099-K income. Select Edit or Review and enter the information for the first personal sale item.
- Be sure to select Personal Items under the What type of investment did you sell?
- The Cost or other basis amount should be the amount you originally paid for the item.
