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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.
- Open (continue) your return if it isn't already open.
- In TurboTax, search (upper right) > Type 1099-B (include dash) Press enter > then select the Jump to link
- 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.
- Answer NO to Did you get a 1099-B or brokerage statement for these sales?
- Select Other sales
- Follow the instructions to complete your entry.
- See images below.
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‎January 26, 2022
7:33 AM