Deductions & credits

JamesG1,

Reviewing your answer for entering the sale of personal items for a 1099K, why does your display of the IRS 8949 not show columns d (proceeds), e (cost), f (code), g (amount of adjustment), and h (loss or gain). Since the 1099K from eBay is detailed with monthly sales, I entered the sale item for each month and identified it as it was not as a "personal item" as in your 8949 column a (description of property).  Doing it this way, the calculation for column h on 8949 actually came up with a $1 gain for two of the months.  Obviously a $2 gain is not a problem, but I am wondering if I did the entries correctly. 

 

Thank you!

Peggy