MaryK4
Expert Alumni

Business & farm

You can report the sale as a capital sale- you are not responsible just because you received the incorrect form from the gallery.  It is possible that the 1099-NEC would work with a gallery-type sale.  The most important thing is that you report correctly on your tax return.  

 

To enter as an investment sale:

Under Federal Wages& Income, select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) under Investments and Savings.

  1. Did you have investment income in 2024? YES
  2. Let's import your tax info  Enter a different way
  3. OK, let's start with one investment type Other Continue
  4. Tell us more about this sale  199-NEC Continue
  5. Now, enter the sale information and Continue
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