DianeW777
Expert Alumni

Business & farm

In that situation and assuming you meet the rules for the sale of personal items, I would enter the proceeds and the cost in the investment section of TurboTax Desktop version.  In other words I would eliminate the 1099-K entry by deleting it.  Keep the document, as well as information about your sale, in your file should you need it later.

 

Make sure you enter each specific transaction separately to account for the correct gain or loss.

  • Search (upper right) > type schedule d > use the Jump to... link select 'Add more sales' > Select 'No' you did not get a 1099-B
  • See the image below.

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