I just can't possibly believe this is correct? If I put in the amount from the 1099-K and then enter a negative line for the cost of the item (only a year and a half old) + fees/expenses, it's saying I'm owed a refund from federal and state of $150. I read a post that someone tried this method because several people on this community website told him to, and then the IRS came back and said he reported it incorrectly and owed tax even though he sold at a loss.
