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Business & farm
I got a 1099-K from Ticketmaster for tickets that I sold. Several of the transactions were sales at a loss.
According to IRS instructions, I believe I need to put the gross proceeds in Schedule 1 on line 8z with the notation "Personal items sold at a loss." Then I need to put a similar amount and notation on line 24z to zero out the gross proceeds. I can find a way to put the amount and notation on line 8z using a quickzoom to a smart worksheet. I can't find a similar quickzoom for line 24z and TurboTax won't let me enter it directly in Schedule 1.
It says line 24z is automatically populated, but I can't find from where it is populated for the 1099-K.
March 17, 2025
2:42 PM