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1099k for casual sale less than basis
client receives 1099k $1400 casual sales of personal items sold for less than cost
should i even bother to enter it in proseries? If so what is the best method to do so
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I put them on Sch D, sale of personal property and wash it out with matching basis.
Personal losses arent deductible, so I guess you could input the actual basis then code it as L for personal loss and it would adjust the loss out for you.
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