I continue to get error message that 1099-k worksheet has an amount from linked 1099-k but sales proceed don't match payment amount from form 1099-k;

[CaryWalker]

Yep, agree, this is the key bit that I had to figure out - the instructions are poor:

3) Gross funds received for the items that did result in a profit. 

I was reconciling to gross funds received, overall...

[Dash221]

I am also in the same position.  I rounded all of my inputs to the nearest dollar and have doublechecked them.  However, I continue to get the same error message.  

"Form 1099 B worksheet: Amount from 1099K has an amount from linked from form 1099K but the sales proceeds on this worksheet don't match the payment amount from Form 1099K. Add sale(s) on this worksheet with sales proceeds to match...."  

I have added and checked all of my proceeds.  I don't know what I am doing wrong. Any assistance would be appreciated.

[JamesG1]

You are reporting IRS form 1099-K and reporting personal sales.  

If box 1a is $1,000 and I sold some items at a loss or had no gain was $600, $400 will be reported as Proceeds on IRS form 1099-B.

The $600 is reported at the top of Schedule 1 Additional Income and Adjustments to Income.

To report Personal item sales, follow these directions.

• Down the left side of the screen, click Federal.
• Down the left side of the screen, click Wages & Income.
• Scroll down to Other Common Income click on the dropdown menu.
• Click Start to the right of Form 1099-K.
• At the screen Did you get a 1099-K?, select Yes.
• At the screen How would you like to upload your 1099-K? click Type it in myself. 
• At the screen Which type of income is your 1099-K for, select the button for Personal item sales.  Click Continue.
• At the screen Let's get the info from your 1099-K, enter the information.      Click Continue.
• At the screen Personal Item Sales, you are told that further information will need to be entered.  You may report some or all items were sold at a loss or had no gain.
• Refer to the prices above.  If $600 of the selling price will not be reported, enter $600 under I sold some items at a loss or had no gain. 
• Learn More provides detailed information for the next steps.  Click Continue.
• At the screen Your 1099-K summary, notice that the income relates to ‘Personal Items’.  Click Done.
• At the screen Your income and expenses, scroll down to Investments and Savings (1099-B, 1099-K….).  Click Add/Edit.
• At this screen, you will be asked to Review the Personal item sales (1099-K).  Select Review.
• At the screen Now, enter one sale…., answer questions about the personal item sale.  
• Refer to the prices above.  Because you are only reporting the gain transaction, report $400 as Proceeds and the cost basis as Total amount paid.
• Click Continue.
• At the screen, Let us know if any of these situations apply to this sale, sales expenses may be recorded.

The entry will be reported:

• on Schedule D of the Federal 1040 tax return, and 
• on line 7 of the Federal 1040 tax return.

Capital loss for a personal item sale reports $0 capital gain on line 7 of the Federal 1040 tax return.