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Level 1
posted Feb 18, 2025 1:49:24 PM

Need help determining which version to purchase

I have received a 1099-K to report sale of personal property. I am not a reseller and these are items that I bought for myself but am now downsizing. Which version of TurboTax will allow me to complete the necessary forms? I am not a business. Thanks so much, I am not able to find this info on the Intuit website.

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1 Replies
Expert Alumni
Feb 18, 2025 3:00:10 PM

TurboTax Premium Online is required to report an IRS form 1099-K which reports personal item sales.

 

The entry will be reported:

 

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

On TurboTax Online, you may start your return without payment and upgrade as you add more complex tax issues. 

 

IRS form 1099-K entry is explained here.