Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Micah has a collection of sneakers. He needed some cash to buy more sneaker. so he sells some of his sneaker. He sold 10 pairs
Micah has a collection of sneakers. He needed some cash to buy more sneaker. so he sells some of his sneaker. He sold 10 pairs of sneakers for 5,000 He originally paid 3,200 for those sneakers. He received a Form 1099-K. How would you treat this Form 1099K in BlockWorks to achieve proper pricing
Enter the information directly on SchD/8949
Enter the information directly on Schedule 1 Form 1040 line 8
Enter the information on the Form 1099K input screen, select incoe to Sch D
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started