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LenaH
February 21, 2022

To enter sales of capital assets, please follow the instructions below: 

  1. Open (continue) your return in TurboTax.
  2. In the search box, search for investment sales then select the Jump to link in the search results.
  3. Answer Yes to the question Did you sell any of these investments in 2021?
    • If you land on the investment sales summary screen , select Add More Sales.
  4. Select Other then Continue.
  5. On the next screen, select the type of sale you had (like second home, collectible, or land) and Continue.
  6. Continue following the onscreen instructions to enter the sale.

Sales of capital assets will be reported on Form 8949 (Sales and Other Dispositions of Capital Assets). Part I of the 8949 shows the short-term transactions (held less than a year) and Part II has the long-term transactions. When you enter investment sales or exchanges, TurboTax will automatically fill out Form 8949 and transfer the info to Schedule D. 

 

 

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