The sale of collectibles is entered as investment income.
Go to Wages & Income
- Scroll to Investments
- Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
- Answer Yes to "Did you sell any Investments? Answer No to "Did you get a 1099-B or brokerage statement?"
- Enter the information about your sales
- After you enter information about the sale: Description, Date sold, Date acquired, Sales proceeds, Cost or other basis, Click Continue
- Any of these less common items for this sale? Put a check in the third line for Proceeds from collectibles
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