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posted Feb 22, 2023 1:49:48 PM

How to list the sales of some basketball cards. My cost basis and proceeds?

I sold a set of 1970 Topps Basketball Tall Boys cards for $36475.76.  My cost for the set was $20159.01 (note:I owned the set for over 1 year).  how where do I show this on my 2022 taxes?

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1 Replies
Expert Alumni
Feb 22, 2023 2:42:06 PM

Collectibles Sold:

  1. Open your return.
  2. Click on Federal.
  3. Click on Wages & Income;.
  4. Under Investments ands Savings, Click on Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
  5. Select Other as the Sales type.
  6. Continue & Enter your Sale Description & Information as you continue through the interview screens.

@bugkely 

[Edited 2/23/2023 | 7:30 am PST]