Vanessa A
Expert Alumni

Get your taxes done using TurboTax

 You would enter the sale of the cow by clicking the following:

  • Federal
  • Income
  • Show More next to Investment Income
  • Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) 
  • Select Other
  • Continue through and select Other again for the type of investment
  • Answer that you received it as a gift
  • You will need to enter the selling price, dates and the cost basis of the person who gave it to you.  So if they paid $500 for the cow, you would enter $500.
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