You enter the sale of personal property at a profit as a sale of investment property.
You can enter the sale of your investment property by following these steps:
- In TurboTax, open your tax return
- Click on Federal in the left-hand column, then on Wages & Income
- Continue to locate the section Investment and Savings and click on Show more
- Click Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
- Continue and choose Other then click Continue
- On the next screen you have a menu where you can choose the type of investment you are selling
- Choose Personal items
TurboTax will populate form 8949 and Schedule D for you.
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