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Get your taxes done using TurboTax
No.
As this is an antique, it's characterized as a collectible, and should be entered in TurboTax as such. See Line 18 in the 2020 Instructions for Schedule D for more information.
To enter it into TurboTax Online,
- Click the Pick up where you left off button, if it’s present
- Click the Income & Expenses tab at the top
- Click Add next to Stocks, Mutual Funds, Bonds, Other
- Click the Add sale button
- On the OK, what type of investments did you sell? page, click Other and Continue
- On the Tell us more about this sale page, enter None in the Name box, then click Continue
- On the Now we’ll walk you through entering your sale details page, for the question What type of investment did you sell? page, select Collectible in the dropdown. For the question How did you receive this investment?, select I received it as a gift
- Answer the remaining questions appropriately.
April 6, 2021
3:04 PM