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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.
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