TurboTax -- Please FIX your software! I entered a simple 1099-K from ebay under the Income section. All Personal Items were sold at a loss, which is how I answered the TT question, but Form 1040 Schedule 1 (which is the form the irs website says should be used) never populates. Then, I get all sorts of errors that I have to bypass. If I answer the question "Some items were sold at a loss", then I have to list each transaction and how much it was sold at and TT incorrectly reports this on a N/A form. Tired of giving TT my money for all this hassle and I've already paid and now I can't get my E-file completed.
It can be fixed by using the steps below. First you should remove the 1099-K from your return and next you can take the steps below to enter it and remove it. The reason you can do this is because, if I understand your comments, you sold every single item at a loss. The key is that your tax return is accurate and complete based on your situation.
First delete your 1099-K from your return --Keep it with your tax return with notes should you need it later--.
Next, enter the income following the steps below.
Other Miscellaneous Income: