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February 21, 2023
Question

I sold some wine at auction and would like to declare the capital gains on it. I received no tax form from the auction house. Where do I enter it in turbo tax?

  • February 21, 2023
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1 reply

February 21, 2023

You can report your wine auction income in the Investments topic, under Wages & Income (Stocks, Mutual Funds, Bonds, Other)

 

Indicate you didn't receive a 1099-B, and whether it was considered a 'collectible'.

 

Here's more info on Reporting Capital Gain/Loss.