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March 15, 2025
Question

How do I report the sale of comic books?

  • March 15, 2025
  • 1 reply
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    1 reply

    DoninGA
    Employee
    March 16, 2025

    Did you sell them less than you paid for them?  If so, then you do not have to report the loss on a tax return.

    If not, and you sold then for more than you paid for them then you have to report the gain on the sale on a tax return.

     

    To enter an investment sale -

    Click on Federal Taxes (Personal using Home and Business)
    Click on Wages and Income (Personal Income using Home and Business)
    Click on I'll choose what I work on (if shown)
    Under Investment Income
    On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B), click the start or update button


    Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales