Question

What number do you put in for payment amount for 1099-K? I've tried every single number, the ones on the form, everything?

Forum|Forum|1 year ago
March 31, 2025
1 reply
0 views

I've input totals, differences, zero, loss, everything and no number will let me file. What did I do wrong?

Are you reporting the posting of IRS form 1099-K for personal items sales? If so, report the amount of box 1a.

The posting of IRS form 1099-K for personal item sales is a two-step process.

First, you post the IRS form 1099-K amount of box 1a.
Second, you post the IRS form 1099-B Proceeds From Broker and Barter Exchange Transactions to report the sales proceeds and the cost of sales.

Make sure that the amount reported on the IRS form 1099-K box 1a equals the Proceeds reported for the multiple entries of IRS form 1099-B.

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parksfamily2430Author

Done. But TurboTax keeps rejecting it, no matter what number is in there, total, adjusted total, difference, zero, won't take it no matter what. First year I've had a 1099K and it completely f*cks up, naturally. Won't allow me to complete the filing.