DianeW777
Expert Alumni

Business & farm

Depending on what type of personal sales and whether you made a profit determines the location of the income entry.  For sales of personal use and/or type of property, it should be entered as an investment sale.  Any sale of personal use property that may result in a loss is not required to be reported because personal losses are not deductible.

 

To enter a sale of personal use property for sales at a gain follow the instructions below. Otherwise follow the instructions provided by @DaveF1006 for Other Income.

 

Once you have your information you will complete the entry in TurboTax using the following steps.

  1. Open (continue) your return if it isn't already open.
  2. In TurboTax, search (upper right) > Type 1099-B (include dash) Press enter > then select the Jump to link
  3. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2021?
    • If you see Here's the info we have for these investment sales, select Add More Sales.
  4. Answer NO to Did you get a 1099-B or brokerage statement for these sales?  
  5. Select Other sales
  6. Follow the instructions to complete your entry.
  7. See images below.

@Stevos555

 

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