Multiple Collectible sales entry

Forum|Forum|2 years ago
February 17, 2024
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I had multiple collectible sales in 2023 and want to enter them all at once instead of individually. I intend to send in a Form 8453 to report them individually. The 2023 version has changed and I cannot enter "Various" for dates sold or disposed. How do I enter my Long Term Gains and Long Term Losses all at once?

DawnC

Level 15

Did you choose to enter a summary in TurboTax? You can enter all of your long-term transactions as one in TurboTax. Collectibles include works of art, rugs, antiques, metals (such as gold, silver, and platinum bullion), gems, stamps, coins, alcoholic beverages, and certain other tangible property. See example of my entry below. If you know they are long-term sales, you can choose any 'disposed of' date in 2023.

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meoswoAuthor

Level 2

This solution worked for getting the income entered however I did not receive a prompt from Turbo Tax to complete Form 8453, which I need to do because I am summarizing multiple sales into one line. My 1099-B is also missing the "M" adjustment code.