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April 15, 2025
Question

My 1099-K form doesn't have information in boxes 7 or 8, they are blank. I cannot proceed without filling these in, what do I do?

  • April 15, 2025
  • 1 reply
  • 0 views
I sold personal items (ticket resale) for no gain or a loss, while this amount was less than the threshold for 2024 I understand it needs to be filed. My 1099-K form that I received is missing information for boxes 7 and 8, but has 6 filled in. Turbotax keeps asking me to review the entries to proceed, what should I do?

    1 reply

    April 15, 2025

    You are reporting an IRS form 1099-B and personal item sales and reporting that all of the items were sold at a loss or had no gain.

     

    Consider removing the IRS form 1099-B and re-entering as Other at the screen Which type of income is your 1099-K for?

     

    At the screen Let's get the info from your 1099-K, select This amount in box 1a is too high or includes some personal transactions.  Enter the amount in box 1a.

     

    The amount is reported at the top of Schedule 1.

     

     

    Retain your records with your income tax files should a tax authority have a question at a later time.

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