When you sell stocks, bonds, mutual funds, or other securities, you should get Form 1099-B from your brokerage by mid-February. Simply enter the form into TurboTax to report the sale.
But what about non-security investment sales like coins, collectibles, timber, land, or a second home? Here's how you enter those:
- Open (continue) your return in TurboTax.
- In the search box, search for investment sales then select the Jump to link in the search results.
- Answer Yes to the question Did you sell stocks, mutual funds, bonds, or other investments in 2020?
- If you land on the investment sales summary screen , select Add More Sales.
- Select Other then Continue.
- On the next screen, select the type of sale you had (like second home, collectible, or land) and Continue.
- Continue following the onscreen instructions to enter the sale.