Where 1099-K from sales of personal items or for a business?
If they were for personal sales then you will need to enter information in the 1099-K section and 1099-B sections. Please review the entry steps:
- Click "Wages & Income" (under Federal) on the left
- Scroll down to "Other Common Income" and click "Show more"
- Click "Start" next to "Form 1099-K"
- On the "Choose which type of income your 1099-K is for" screen select "Personal Item"
- On the "Your 1099-K Summary" screen, select Done.
- On the "Wages & Income" screen
- Scroll down to "Investments and Savings" and click "Show more"
- Click "Start or Revisit" for "Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)".
- Click "Review" on "Personal item sales (1099-K)"
- Enter the information on the "Now, enter one sale…" screen
Please keep in mind this is a public forum. If you need more detailed help you can add TurboTax Live service. Please see What is TurboTax Live? for information.
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