Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 1, 2023 9:26:09 PM

In turbotax, im trying to report capital gains on a car sale that I used for personal use. How do I go about reporting that?

0 1 610
1 Replies
Expert Alumni
Apr 2, 2023 6:49:04 AM

You would enter the sale of your car in the investment section of TurboTax.

  • Withing your return, select Federal tax
  • Select Wages and Income
  • On Your Income page, click Start button for Stocks, Mutual Funds, Bond, Other
  • On Did you sell any investments in 2022?, click on Yes button
  • On next page, answer whether or not you received a 1099-B or a brokerage statement for the sale, answer No
  • On next page, Choose the type of investment you sold,
  • Continue and enter the information about your sale