BG - ebay 1099-K Loss

bkgrant10 — Thu, 12 Feb 2026 01:42:04 GMT

Hello, I'm using TT Deluxe Desktop and sold two items on eBay total value $1,298. I did not make a profit off these sales. In the Income Summary page, the values were entered under "Income from Form 1099-K." I do not see where I can list the Capital loss for a personal item sale whereas it will show $0 capital gain on line 7 of the Federal 1040 tax return.

Can you please provide step-by-steps instructions.

Thank you in advance.

Re: BG - ebay 1099-K Loss

JamesG1 — Thu, 12 Feb 2026 02:03:03 GMT

In TurboTax Desktop, to report an IRS form 1099-K as Personal item sales, follow these directions.

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.
Scroll down to 1099-Misc and Other Common Income and click to the right of Income from Form 1099-K.
At the screen What type of income is your 1099-K?, select 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, report if some items were sold at a loss or had no gain.
Click Continue.
At the screen Your 1099-K Summary, select Done.
At the screen Your 2025 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 Review for the 1099-K entry. The entry should say Personal items sales (1099-K).
At the screen Review your sales, 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.

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

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BG - ebay 1099-K Loss

Re: BG - ebay 1099-K Loss