Business & farm

Report it as an investment. Your basis will be whatever the donor paid for them initially. The difference between that and the sales price is your gain. Your investment type will be "Other".

Sales of non-security investment sales like coins, collectibles, timber, land, or a second home? Here's how you enter those:

1. Open (continue) your return in TurboTax.
2. In the search box, search for investment sales then select the Jump to link in the search results.
3. Answer Yes to the question Did you sell stocks, mutual funds, bonds,  or other investments in 2020?