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February 4, 2024
Question

In what section can I report capital loss from sale of precious metals?

  • February 4, 2024
  • 1 reply
  • 0 views
Sold silver coins at Goldline (previously bought from them) at a loss.

1 reply

DoninGA
Employee
February 4, 2024

You will need to upgrade to the Premium online edition to report the investment sale -

 

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