Entering 1099K for selling sports tickets? I keep getting a check error about linking to Schedule C. (2024)

• TurboTax Online

‎March 17, 20248:18 AM

If you are reporting sales as Personal item sales, you will be reporting the entries on IRS Schedule D. Associate the 1099-K income with Schedule D and not the other Schedules.

It may be easier to delete your IRS form 1099-K entry and your IRS Schedule C entry. Then Review to clear all errors then re-submit the 1099-K information.

When you enter the sales information, you will want to click the button to report the loss on sale of a personal item. Personal items sold for less than their basis (most likely, the original purchase price) report $0 capital gain on line 7 of the Federal 1040 tax return.

Personal items sold for more than their basis report the gain on line 7 of the Federal 1040 tax return. See this example.

Selling Cost

Price Basis

Tix 1 $500 $1,000 Capital loss on personal item = $0 loss

Tix 2 $400 $300 Capital gain on personal item = $100 gain

Tix 3 $100 $100 No capital gain or loss

$1,000 $1,400

To report Personal item sales, follow these directions.

• Down the left side of the screen, clickFederal.
• Down the left side of the screen, clickWages & Income.
• You may need to clickAdd more income.
• Scroll down toOther Common Incomeclick on the dropdown menu.
• ClickStart to the right ofForm 1099-K.
• At the screenDid you get a 1099-K?, selectYes.
• At the screenHow would you like to upload your 1099-K? clickType it in myself.
• At the screenWhich type of income is your 1099-K for, select the button forPersonal item sales. ClickContinue.
• At the screenLet's get the info from your 1099-K, enter the information. ClickContinue.
• At the screenPersonal Item Sales, you are told that further information will need to be entered.
• Because $600 of the selling price will not be reported, enter $600 underI sold some items at a loss or had no gain.
• Learn More provides detailed information for the next steps. ClickContinue.
• At the screenYour 1099-K summary, notice that the income relates to ‘Personal Items’. ClickDone.
• At the screenYour income and expenses, scroll down toInvestments and Savings (1099-B, 1099-K….). ClickEdit/Add.
• At this screen, you will be asked toReview the Personal item sales (1099-K).
• At the screenNow, enter one sale…., answer questions about the personal item sale.
• Because you are only reporting the gain transaction, report $400 asProceeds and $300 asTotal amount paid.
• ClickContinue.
• At the screen,Let us know if any of these situations apply to this sale, sales expenses may be recorded.

The entry will be reported:

• on Schedule D of the Federal 1040 tax return, and
• on line 7 of the Federal 1040 tax return.

Capital loss for a personal item sale reports $0 capital gain on line 7 of the Federal 1040 tax return.

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IRS form 1099-K may report income of different kinds. Is self-employment income not correct?

What is the nature of your sale of sports tickets? If self-employment is not correct, is your sale of sports tickets a Hobby? Or reported as a Personal item sale?

Self-employment is one of the kinds of income that may be reported and may be appropriate if you are in the business of buying and reselling sports tickets.

However, you may want to delete your IRS form 1099-K entry and your IRS Schedule C entry and re-submit the IRS 1099-K information.

See also here.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

If you are reporting sales as Personal item sales, you will be reporting the entries on IRS Schedule D. Associate the 1099-K income with Schedule D and not the other Schedules.

It may be easier to delete your IRS form 1099-K entry and your IRS Schedule C entry. Then Review to clear all errors then re-submit the 1099-K information.

When you enter the sales information, you will want to click the button to report the loss on sale of a personal item. Personal items sold for less than their basis (most likely, the original purchase price) report $0 capital gain on line 7 of the Federal 1040 tax return.

Personal items sold for more than their basis report the gain on line 7 of the Federal 1040 tax return. See this example.

Selling Cost

Price Basis

Tix 1 $500 $1,000 Capital loss on personal item = $0 loss

Tix 2 $400 $300 Capital gain on personal item = $100 gain

Tix 3 $100 $100 No capital gain or loss

$1,000 $1,400

To report Personal item sales, follow these directions.

• Down the left side of the screen, clickFederal.
• Down the left side of the screen, clickWages & Income.
• You may need to clickAdd more income.
• Scroll down toOther Common Incomeclick on the dropdown menu.
• ClickStart to the right ofForm 1099-K.
• At the screenDid you get a 1099-K?, selectYes.
• At the screenHow would you like to upload your 1099-K? clickType it in myself.
• At the screenWhich type of income is your 1099-K for, select the button forPersonal item sales. ClickContinue.
• At the screenLet's get the info from your 1099-K, enter the information. ClickContinue.
• At the screenPersonal Item Sales, you are told that further information will need to be entered.
• Because $600 of the selling price will not be reported, enter $600 under I sold some items at a loss or had no gain.
• Learn More provides detailed information for the next steps. ClickContinue.
• At the screenYour 1099-K summary, notice that the income relates to ‘Personal Items’. ClickDone.
• At the screenYour income and expenses, scroll down toInvestments and Savings (1099-B, 1099-K….). ClickEdit/Add.
• At this screen, you will be asked toReview the Personal item sales (1099-K).
• At the screenNow, enter one sale…., answer questions about the personal item sale.
• Because you are only reporting the gain transaction, report $400 as Proceeds and $300 as Total amount paid.
• ClickContinue.
• At the screen,Let us know if any of these situations apply to this sale, sales expenses may be recorded.

The entry will be reported:

• on Schedule D of the Federal 1040 tax return, and
• on line 7 of the Federal 1040 tax return.

Capital loss for a personal item sale reports $0 capital gain on line 7 of the Federal 1040 tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

If you are reporting sales as Personal item sales, you will be reporting the entries on IRS Schedule D. Associate the 1099-K income with Schedule D and not the other Schedules.

It may be easier to delete your IRS form 1099-K entry and your IRS Schedule C entry. Then Review to clear all errors then re-submit the 1099-K information.

When you enter the sales information, you will want to click the button to report the loss on sale of a personal item. Personal items sold for less than their basis (most likely, the original purchase price) report $0 capital gain on line 7 of the Federal 1040 tax return.

Personal items sold for more than their basis report the gain on line 7 of the Federal 1040 tax return. See this example.

Selling Cost

Price Basis

Tix 1 $500 $1,000 Capital loss on personal item = $0 loss

Tix 2 $400 $300 Capital gain on personal item = $100 gain

Tix 3 $100 $100 No capital gain or loss

$1,000 $1,400

To report Personal item sales, follow these directions.

• Down the left side of the screen, clickFederal.
• Down the left side of the screen, clickWages & Income.
• You may need to clickAdd more income.
• Scroll down toOther Common Incomeclick on the dropdown menu.
• ClickStart to the right ofForm 1099-K.
• At the screenDid you get a 1099-K?, selectYes.
• At the screenHow would you like to upload your 1099-K? clickType it in myself.
• At the screenWhich type of income is your 1099-K for, select the button forPersonal item sales. ClickContinue.
• At the screenLet's get the info from your 1099-K, enter the information. ClickContinue.
• At the screenPersonal Item Sales, you are told that further information will need to be entered.
• Because $600 of the selling price will not be reported, enter $600 underI sold some items at a loss or had no gain.
• Learn More provides detailed information for the next steps. ClickContinue.
• At the screenYour 1099-K summary, notice that the income relates to ‘Personal Items’. ClickDone.
• At the screenYour income and expenses, scroll down toInvestments and Savings (1099-B, 1099-K….). ClickEdit/Add.
• At this screen, you will be asked toReview the Personal item sales (1099-K).
• At the screenNow, enter one sale…., answer questions about the personal item sale.
• Because you are only reporting the gain transaction, report $400 asProceeds and $300 asTotal amount paid.
• ClickContinue.
• At the screen,Let us know if any of these situations apply to this sale, sales expenses may be recorded.

The entry will be reported:

• on Schedule D of the Federal 1040 tax return, and
• on line 7 of the Federal 1040 tax return.

Capital loss for a personal item sale reports $0 capital gain on line 7 of the Federal 1040 tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

If you are reporting sales as Personal item sales, you will be reporting the entries on IRS Schedule D. Associate the 1099-K income with Schedule D and not the other Schedules.

It may be easier to delete your IRS form 1099-K entry and your IRS Schedule C entry. Then Review to clear all errors then re-submit the 1099-K information.

When you enter the sales information, you will want to click the button to report the loss on sale of a personal item. Personal items sold for less than their basis (most likely, the original purchase price) report $0 capital gain on line 7 of the Federal 1040 tax return.

Personal items sold for more than their basis report the gain on line 7 of the Federal 1040 tax return. See this example.

Selling Cost

Price Basis

Tix 1 $500 $1,000 Capital loss on personal item = $0 loss

Tix 2 $400 $300 Capital gain on personal item = $100 gain

Tix 3 $100 $100 No capital gain or loss

$1,000 $1,400

To report Personal item sales, follow these directions.

• Down the left side of the screen, clickFederal.
• Down the left side of the screen, clickWages & Income.
• You may need to clickAdd more income.
• Scroll down toOther Common Incomeclick on the dropdown menu.
• ClickStart to the right ofForm 1099-K.
• At the screenDid you get a 1099-K?, selectYes.
• At the screenHow would you like to upload your 1099-K? clickType it in myself.
• At the screenWhich type of income is your 1099-K for, select the button forPersonal item sales. ClickContinue.
• At the screenLet's get the info from your 1099-K, enter the information. ClickContinue.
• At the screenPersonal Item Sales, you are told that further information will need to be entered.
• Because $600 of the selling price will not be reported, enter $600 underI sold some items at a loss or had no gain.
• Learn More provides detailed information for the next steps. ClickContinue.
• At the screenYour 1099-K summary, notice that the income relates to ‘Personal Items’. ClickDone.
• At the screenYour income and expenses, scroll down toInvestments and Savings (1099-B, 1099-K….). ClickEdit/Add.
• At this screen, you will be asked toReview the Personal item sales (1099-K).
• At the screenNow, enter one sale…., answer questions about the personal item sale.
• Because you are only reporting the gain transaction, report $400 asProceeds and $300 asTotal amount paid.
• ClickContinue.
• At the screen,Let us know if any of these situations apply to this sale, sales expenses may be recorded.

The entry will be reported:

• on Schedule D of the Federal 1040 tax return, and
• on line 7 of the Federal 1040 tax return.

Capital loss for a personal item sale reports $0 capital gain on line 7 of the Federal 1040 tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"