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February 8, 2025
Question

Where and how do I report capital asset sales on turbotax?

  • February 8, 2025
  • 1 reply
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I sold my autographed baseball collection and my autographed Beatles collection.

    1 reply

    February 8, 2025

    The collections should be reported on Schedule D.  To accomplish that, here is how to enter the capital asset sales:

     

    • Navigate to Federal > Wages & Income > Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) > Add/Edit
    • Choose Add Investments
    • Choose "Other" as the investment type and continue
    • Choose a description (the collections are different and likely purchased and or sold separately, so you should separate them)
    • It will ask "What type of investment did you sell?", answer collectible
    • Complete the rest of the information requested in the interview