ak1allen
Returning Member

Sale of personal property with no 1099K

I sold bullion to a buyer who does not issue 1099K forms. This topic is not completely clarified in other answers. Where do I enter the income and where do I enter my basis? No prior answers describe this exactly in Turbotax Deluxe. I'm looking for some way to enter the proceeds received and the original cost of the bullion, which because of its age, would be long term capital gain. Everything I've tried simply makes my yearly income go up. The profit was a bit more than $5000, so I assume this is reportable.