Seatgeek 1099- K help with process on turbotax

[GW10362]

I am having a problem with my seatgeek 1099-K entry process on turbotax.  I get to the point where I enter the information from the 1099-K, but not sure how to proceed with subtracting revenue from tranactions with  losses and on the profitable transactions, subtracting my costs associated with the tickets from the revenue.

My understanding of the rule is I only have to report ticket revenue where I sold at profit, the tickets I sell at a loss do not matter as they do not offset any profit.

My total revenue in box 1a is about $2669.00, this is already net of the Seat geek fee.  In my case, About 1/6 of the revenue ($428.40) in 1099-K is revenue from sales at a loss.  That leads $2240.60 of revenue from profitable sales.  The cost of the tickets for these transactions are 1050.00, leaving a profit of 1190.60.

Fairly straight forward calculation, but the issue is how do I enter this?

The process for entering the 1099-K information only have a box that asks me for the sales that were at a loss.  On a different thread regarding this subject, it mentioned using a 1099-B form to handle this.  How do I do that?  The system is not prompting me to enter it during the 1099-k process?

Thanks,

Greg

[PatriciaV]

The 1099-K entry for personal items reports the amount on the 1099-K, then adjusts that number to the actual remaining gain. Then you edit the entry under Investments to report how much of the remaining proceeds is income from gains.

Open your return and choose to pick up where you left off (TurboTax Online).

1. From the Wages & Income section, go to Income from Form 1099-K and click Add/Edit.
2. If you've already entered a different 1099-K, click Add a 1099-K at the bottom.
3. Choose Personal Item Sales, continue, then enter the 1099-K information as it appears on the form.
4. At the screen Personal Item Sales, click I sold some items at a loss or had no gain, and enter the amount of sales for a loss.
5. Continue back to the income summary page and click Add/Edit beside Investments and Savings.
6. Continue to the entry where you see "Needs Review" for your 1099-K for personal items. Click Review.
7. Complete the form to report the relevant information about the adjustment.
8. Continue back to the investment summary page and confirm the "total gain" for your personal sales is correct. If not, click edit (pencil icon).

[GW10362]

Thank you Patricia, I will try this later today. Appreciate your help!