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Retirement tax questions
you don't have to use the TurboTax 1099-K screen if it causes you trouble.
enter as a stock sale but put "Personal Item" in description.
Enter on Form 8949 Use Box C or F since you don't have a 1099-B
Loss on Personal Items is not deductible so you have to enter an adjustment to cancel the loss,
the adjustment is in Col g. the adjustment code (Col f) is "L".
Gain on Personal Items is a taxable gain.
The proceeds subtotals should add up to your 1099-K
@Anonymous
‎February 15, 2023
10:23 AM