3302729
You'll need to sign in or create an account to connect with an expert.
Line 18 of schedule D is used to report the sale of capital gain property that is taxed at a maximum rate of 28% on your federal tax return. That category of assets is reserved for collectibles and qualifying small business stock.
For collectibles, you would enter those in the Investment Income section, then Stocks, Cryptocurrency, Mutual Funds, Bonds and Other. Choose Other for the investment type.
On the screen where you enter the sale details, choose Collectibles from the drop down menu for What type of investment did you sell?
To enter the sale of small business stock, choose the Stocks, Bonds, Mutual Funds option for the investment type and after you enter your sales information you will see an option to indicate that your sale was of small business stock:
how do I know it is small business stocks? any example, like proshare's uco?
does the crypto gain go to line 18 of schedule D?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
steve-knoll
New Member
SB2013
Level 2
bees_knees254
New Member
user17549478233
New Member
yingmin
Level 1