DianeW777
Expert Alumni

Get your taxes done using TurboTax

You definitely want the sale recognized as a collectible because of the special higher capital gains tax rate for collectibles. 

 

In TurboTax Online or TurboTax CD/Download use the following steps.

  1. Once you are in the tax return select Wages and Income > Scroll to Investment Income
  2. Select Stocks, Bonds, Mutual Funds, Other > Add more sales (you may need to delete your original entry)
  3. Select Other as the sales type > Continue > Enter the Description > Continue
    1. For the download version enter your sales information > Continue > Select the checkbox next to Proceeds from collectibles
    2. For the online version in the top dropdown selection choose 
  4. Continue to enter your sale
  5. See the image below for both versions for assistance.

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