In TurboTax Desktop Premier, you have entered the IRS form 1099-K and reported personal item sales, follow these steps.
- Across the top of the screen, click on Federal Taxes.
- Across the top of the screen, click on Wages & Income.
- Click I'll choose what I work on.
- At the screen Your 2024 Income Summary, scroll down to Investment Income and Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
- Click to the right.
- At the screen Let's finish pulling in your investment income, click the down arrow to the right of the 1099-K entry.
- Click Edit.
- At the screen Review your Form 1099-K, click on the pencil icon to edit.
- Enter sale information. Click Continue.
- At the screen Let us know if any of these situations apply to this sale, you may report sales expenses, Click Continue.
The entry will be reported:
- on Schedule D of the Federal 1040 tax return, and
- on line 7 of the Federal 1040 tax return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
