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ranthonyt
New Member

Error: Form 1099-B linked with Form 1099-K

I get this in the Review part of the process of doing my taxes on TurboTax Deluxe for Mac:

 

Form 1099-B Worksheet (Live Nation Worldwide, Inc.): Amount from Form 1099-K has an about from linked Form(s) 1099-K, but the sales proceeds on this worksheet don't match the payment amount from Form 1099-K. Add sale(s) on this worksheet with sale proceeds to match the amount reported on Form 1099-K.

 

I don't know how to even access From 1099-B Worksheet to make any adjustments for one thing, but for the other, I have checked my entry of the Live Nation 1099-K, and I have put in exactly what is on form (box 1a).

 

If anyone has any insights, I would much appreciate your help.

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1 Reply
MarilynG1
Expert Alumni

Error: Form 1099-B linked with Form 1099-K

If you received a 1099-K for investment (or personal) sales, go the 'Stocks, Mutual Funds, Bonds, Other' in the Investment section.

 

Indicate that you didn't receive a 1099-B and enter the info from your 1099-K. 

 

If you're using TurboTax Desktop, go to FORMS in the upper right to access forms/worksheets and delete the 1099-K Worksheet so you won't double-report the income or have linking errors.

 

Your sales will be reported on Form 8949 and Schedule D.  Personal sales losses are not deductible, but a gain on sales of personal items (rare) will be taxable as a Capital Gain. 

 

Here's detailed info on Form 1099-K. 

 

 

 

 

 

 

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