Leonard,
My 1099-K is for selling used, personal items, and does NOT belong on Schedule C. Reporting it there that would confuse this income with my separate, business income, for which I received a 1099-NEC.
So, the right answer is to report this as miscellaneous income, with a loss that offsets the sales.
I spent over an hour on the phone with a clueless 1st tier Turbotax rep, before being transferred to a "tax expert" who wandered through various parts of the TT Premier interface before discovering the right way to report this income. There were several places in TT Premier that appeared to be appropriate for reporting 1099-K income, but every one of them was WRONG.
the software needs to be fixed!
