If I sell a number of collectables such as, coins and silver bullion can I enter (8949/Schedule D) the total amount of the sale and cost or do I have list each item individually?
Thanks
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You can combine them by like kind (collectibles) and type of sale ( long term vs short term ) and keep a breakdown in case the IRS wants to see it later.
You can combine them by like kind (collectibles) and type of sale ( long term vs short term ) and keep a breakdown in case the IRS wants to see it later.
Hello,
I've followed instructions to report my 1099K under investment income & selected "something other than a date" to get VARIOUS as acquired date, now I'm stuck at Date sold or disposed because they were sold on various dates. There is no other option except to enter a single date. I have 300+ sales & they were held more than a year. What should I do? Please help! Thank you.
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