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Why is turbotax having me list every personal item I sold (at a loss) rather than allowing me to report it as 1 lump sum on schedule 1 form 1040? (for 1099K)
I received a 1099K. I have selected "All items were sold at a loss or had no gain" According to the IRS website there are 2 ways to report this. Schedule 1 form 1040, 1 lump amount, OR form 8949, schedule D, where you list every item. Turbotax is having me do it that way and list every item, (under the investments and savings tab) it's taking an eternity. How do I do it the other way?
‎April 5, 2025
3:09 AM