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January 30, 2023
Question

How do I report the sale of a collectible in turbo tax? I know it goes on Sch D, but when I key in the info, it puts it on the stock sale form

  • January 30, 2023
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January 30, 2023

You can enter the sale of your collectible by following these steps:

 

  1. In TurboTax, open your tax return
  2. Click on Federal in the left-hand column, then on Wages & Income
  3. Continue and locate the section Investment Income and click on Show more
  4. Click Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
  5. Answer Yes to the question: Did you sell any investments?
  6. Answer No to the question: Did you receive a form 1099-B or brokerage statement?
  7. Select Collectible from the list of investments.
  8. Follow the TurboTax interview to enter your information. If you incurred sale expenses, you can subtract them from the proceeds.
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