TaxGuyBill
Level 15
02-02-2023
04:34 PM
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@gabjo00 wrote:
I am wondering how you resolved this. Clearly there will be a lot of this this year. I already have a client who sold personal items for a loss on eBay and received a 1099-K. The IRS rules are very specific on how to report it but I can not understand how to get line 24z to work. Even if I override it, the total amount doesn't flow to line 25. Any help would be appreciated. Really uninterested in spending forever on hold getting someone who doesn't know the answer to help me.
Yeah, Intuit screwed up and won't let us enter numbers there.
However, selling personal items can be reported on 8949, so that that is what I would suggest for your situation.