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Get your taxes done using TurboTax
Your profit on the sale is a capital gain. The IRS instructions are to report it as a capital gain, just like a sale of stock. In TurboTax, you enter it as an investment sale.
See "Personal item sold at a gain" at the following link on the IRS web site.
Understanding Your Form 1099-K
‎February 9, 2023
1:38 PM