1099-B Matching sales proceeds

holtm70 — Mon, 23 Feb 2026 12:34:18 GMT

Hi! I have completed all of my tax information yet when I go to the last section to e-file this keeps popping up. What should I do? @Anonymous_

Re: 1099-B Matching sales proceeds

Anonymous_ — Tue, 14 Feb 2023 16:27:24 GMT

You might want to try unlinking the two because you could very well have a double entry.

Re: 1099-B Matching sales proceeds

holtm70 — Tue, 14 Feb 2023 16:28:42 GMT

@Anonymous_ How do I unlink

Re: 1099-B Matching sales proceeds

Anonymous_ — Tue, 14 Feb 2023 16:33:20 GMT

I believe you will have to go back through the screens where you entered the sales transactions and probably the 1099-K screen.

Re: 1099-B Matching sales proceeds

JohnB5677 — Tue, 14 Feb 2023 16:51:04 GMT

If you have a 1099-K, and you require an adjustment you can follow these steps.

First, delete the original entry unless it's posted as below.

Do not enter anything for a 1099-B

To post the 1099-K income go to:

Federal
Wages & Income
Scroll to Other Common Income
Select Form 1099-K
Post the information.

To adjust the 1099 K

Federal
Wages & Income
Less Common Income
Select Miscellaneous Income, 1099-A, 1099-C
Select Other Reportable Income
Any Other Taxable Income? Select, yes.
On the Other Taxable Income page
- Description: type in “Adjustment to 1099-K”
- Amount: enter in the adjustment amount as a negative number

What should I do if I received a 1099-K in error or for a personal item I sold?

Personal items sold at a loss

If you receive a Form 1099-K for a personal item sold at a loss, report the information on Form 1040, Schedule 1, Additional Income and Adjustments to Income with offsetting transactions. For example, if you receive a Form 1099-K for selling your couch online for $700 you will report:

Part I – Line 8z – Other Income – Form 1099-K Personal Item Sold at a Loss $700
Part II – Line 24z – Other Adjustments - Form 1099-K Personal Item Sold at a Loss $700

The net effect of these two adjustments on adjusted gross income would be $0.

Personal item sold at a gain

If you sold an item you owned for personal use, such as a car, refrigerator, furniture, stereo, jewelry, or silverware, etc., at a gain, your gain is taxable as a capital gain. Report your gain as explained in the Instructions for Schedule D (Form 1040).For personal items sold at a loss, follow the instructions for Personal items sold at a loss.

Mix of personal items sold – some at a gain and others with a loss

Your gains and losses are to be reported separately and gains for assets cannot be offset by losses from the sale of personal assets.

If you sold an item you owned for personal use at a gain, see Personal items sold at a gain for information on how to report.

For personal items sold at a loss, follow the instructions for Personal items sold at a loss for information on how to report.

topic 1099-B Matching sales proceeds in Self employed

1099-B Matching sales proceeds

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