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Get your taxes done using TurboTax
I appreciate the response. This seems like a reasonable way to enter sale of collectibles.
I spoke with a tax expert at TurboTax and it seems what I think are collectibles are indeed not collectibles and are just general assets instead. She informed me that Schedule D is the appropriate way to report these sales. I'm still going to work with a CPA at tax time to be certain. Just wanted to close the loop on this in case anyone else comes here seeking advice on similar sales.
‎July 15, 2023
5:07 PM