Where do I account for money spent restoring a collectible car?

[88klin89]

I sold a collectible car in 2018 for $100,000. I bought it 30 years ago for $10,000, but in the 30 years, spent $50,000 restoring it. 

TurboTax only has form entries for Gross Sales Price, Sales Expenses, and original Purchase Price.

Where do I account for the restoration expenses?

[ee-ea · Accepted solution]

The 50K is part of your cost of the car.

[88klin89]

Sounds good to me...Thank you.