KrisD15
Expert Alumni

Deductions & credits

After you enter the 1099-MISC and answer

No, not like work

No, not intent to make money

Only received this one tax year

 

The income should show on your Schedule 1 line 8z

 

Next, go back to Income

Less Common Income

Miscellaneous Income, 1099-A, 1099-C     START or UPDATE

Scroll down to "Other reportable income"   START or UPDATE

Select "Yes" for "Any Other Taxable Income?"

Type a description such as "Personal items sold reported on 1099-MISC" 

Enter the same amount as the 1099-MISC as a negative number (put a - in front of the number)

(Note: DO NOT ENTER A LARGER NEGATIVE NUMBER THAN WHAT WAS REPORTED ON THE 1099-MISC You cannot take a loss on the sale of personal items)

 

Finish this interview

 

The amount on the 1099-MISC as well as a negating amount will both be reported on Schedule 1 line 8 to result in zero income. 

 

@Hurricane150  

 

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