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February 19, 2023
Question

What is he capital asset sales worksheet?

  • February 19, 2023
  • 1 reply
  • 0 views
Amount from Form 1099-K has an amount from linked Form(s) 1099-K, but the sales proceeds on this worksheet don't match the payment amount from Form 1099-K. Add sale(s) on this worksheet with sale proceeds to match the amount reported on Form 1099-K.

1 reply

February 19, 2023

The Sales Price (Proceeds) reported on the Capital Asset Sales Worksheet should equal the amount reported in box 1a of the IRS form 1099-K.

 

 

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Add additional lines of sales items by clicking Add another sale at the screen Review your XX sales.  Correct a line by clicking on the pencil icon to the right.

 

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You may also follow these steps:

 

  • Down the left side of the screen, click Federal.
  • Down the left side of the screen, click Wages & Income.
  • Down the left side of the screen, click Other Common Income.
  • Down the left side of the screen, click Investments and Savings.
  • Click the Edit/Add button to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.

 

@jtherien13 

 

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