JamesG1
Employee Tax Expert

Deductions & credits

Did you select Personal item sales when you entered your 1099-K?

 

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You may have added an entry to your IRS form 8949 / Schedule D to put it out of balance.  Review the entries listed on IRS form 8949 / Schedule D to make sure that the income reported does not exceed the income reported on the IRS form 1099-K.

 

I entered an IRS form 1099-K and reported it as a personal item sale.  Then I entered the IRS form 8949 / Schedule D Capital Gain and Loss entry.  The 1099-K income equaled the IRS form 8949 / Schedule D and the entry was in balance.

 

Then I clicked Add another sale and entered another personal item sale for $100 income and $100 expense.  I ran Review and received a message similar to the message that you received.

 

So the 1099-K / IRS form 8949 / Schedule D became out of balance by the $100.

 

I deleted the $100 entry that I added by clicking the delete trashcan to the right of the entry at  the screen Review your xxx sales.  

 

I ran Review and the error was gone.

 

@lulu61 

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