Deductions & credits

Please be aware you cannot claim any loss on a personal sale item.

Please verify that you have entered the sale correctly:

1. Click "Wages & Income" (under Federal) on the left
2. Scroll down to "Other Common Income" and click "Show more"
3. Click "Start" next to "Form 1099-K"
4. On the "Choose which type of income your 1099-K is for" screen select "Personal Item"
5. On the "Your 1099-K Summary" screen, select Done.
6. On the "Wages & Income" screen
7. Scroll down to "Investments and Savings" and click "Show more"
8. Click "Start or Revisit" for "Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)".
9. Click "Review" on "Personal item sales (1099-K)"
10. Enter the information on the "Now, enter one sale…" screen