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

Level 15

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

Level 15

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.

Sign up

Login with SSO

Let's get you signed in

Login with SSO

Scanning file for viruses.

This file cannot be downloaded