1099K Received for Personal Items Sold at A Loss

[troy]

Taxpayer received 1099K for gross amount, but items were sold at a loss.

I understand where to enter on the 1099k worksheet, but not where to offset the amount so that it nets to 0 (can't have loss of personal items).

There is an option to enter at the bottom of the 1099-K worksheet, or on sch 1 at the bottom as well (can't seem to drill down in this section).

What is correct sot that it is reported / filed properly?

[TaxGuyBill]

Is it showing up on the very top of Schedule 1?

Is it showing up anywhere as taxable income?

[troy]

It is not, but I still want to ensure that the data was transmitted properly so that it is "recorded" properly as I know the IRS cross-checks 1099 with it actually being entered on the return.

[BobKamman]

I don't know that IRS is adding the 1099-K to its list of items to check against returns; they rely a lot on threats instead of effort.  But there's a place at the top of Schedule 1 to enter that amount, and that's where they want you to enter it.  

[BobKamman]

I know this is terribly complicated, but this might help.

1)  Go to Schedule 1.

2)  Look at the top of Schedule 1.

3) At the top of the page, under Part 1, it asks for "the amount reported to you on Form 1099-K that was included  . . .for personal items sold at a loss."

4) Enter the amount there.

Or, if you want to fill out that 1099-K worksheet, then go the bottom "Reconciliation" as you show in your posted image, it will automatically transfer to the right location at the top of Schedule 1.