![]() For example, you bought a couch for $1,000 and sold it through a third-party vendor for $700, which was reported on your Form 1099-K. In the entry space next to line 24z write “Form 1099-K Personal Item Sold at a Loss” and also enter the amount of the sale proceeds. If you sold a personal item at a loss and you did not report the loss on Form 8949, enter the amount of the sale proceeds from Form 1099-K on line 24z that you reported on line 8z. On page 94, the text for Line 24z, under Form 1099-K loss reporting has been revised to read:.If you sold more than one personal item at a loss or received more than one Form 1099-K for personal items you sold at a loss, in the entry space next to line 8z write “Form(s) 1099-K Personal Items Sold at a Loss” and enter the total amount of the sale proceeds on line 8z. In the entry space next to line 8z you would write “Form 1099-K Personal Item Sold at a Loss - $700.” See the instructions for line 24z. ![]() In the entry space next to line 8z write “Form 1099-K Personal Item Sold at a Loss” and also enter the amount of the sale proceeds. If you report the loss on line 8z, enter the amount of the sale proceeds from Form 1099-K on line 8z. If you sold a personal item at a loss, either report the loss on Form 8949 or report it on line 8z. ![]()
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