You would report the proceeds as a sale of investment. You may receive a form 1099-B reporting the proceeds which may list a cost value. Otherwise, you will need to calculate it or enter $0 for it in TurboTax. Folllow these steps to report your investment sale in TurboTax:
- Choose the Federal option on your left menu bar
- Choose Wages & Income
- Choose the Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) option
- Choose the Stocks, Bonds, Mutual Funds option
- Enter your Form 1099-B or investment sale information
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