turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
JamesG1
Employee Tax Expert

Need help determining which version to purchase

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question