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Level 15
Level 15

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

 

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