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April 2, 2023
Question

In turbotax, im trying to report capital gains on a car sale that I used for personal use. How do I go about reporting that?

  • April 2, 2023
  • 1 reply
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1 reply

April 2, 2023

You would enter the sale of your car in the investment section of TurboTax.

  • Withing your return, select Federal tax
  • Select Wages and Income
  • On Your Income page, click Start button for Stocks, Mutual Funds, Bond, Other
  • On Did you sell any investments in 2022?, click on Yes button
  • On next page, answer whether or not you received a 1099-B or a brokerage statement for the sale, answer No
  • On next page, Choose the type of investment you sold,
  • Continue and enter the information about your sale
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