I sold my business, and have interest and LTCG to report. Int inc is easy- but where should I put the LTCG? My basis is 0, but I can only find sale of bus property.

[ebsundell]

From previous returns, my CPA put the Long Term Capital Gains on Schedule D, part 2-   basis is 0.   I can't seem to find the place to replicate this on the software system.   As stated above, the interest for the sale is easy, as that was reported on 1099-int.

[CherylW · Accepted solution]

To enter long-term capital gain (ltgc):

1.    Click Federal on the left-hand side menu.

2.    Click Income across the top.

3.    Scroll down to Investment Income and click Show more.

4.    Click Start or Revisit by Stocks, Mutual Funds, Bonds, Other.

5.    Click + Add more sales.

6.     Answer No to Did you get a 1099-B or a brokerage statement for these sales?

7.     Select the last option, Everything else.

8.     Go through the interview.

It'll be properly reported on Schedule D as a long-term capital gain, and then carried over to Form 1040, line 13.