If it was a personal vehicle, the transaction would be reported on Form 8949 and that would "flow" to Schedule D. You will report that in the same section in which you report stock and other investment sales. To enter:
If it was a business vehicle, it would be reported as an asset disposition and reported on Form 4797.
If it was a personal vehicle, the transaction would be reported on Form 8949 and that would "flow" to Schedule D. You will report that in the same section in which you report stock and other investment sales. To enter:
If it was a business vehicle, it would be reported as an asset disposition and reported on Form 4797.
The steps provided do not exist. I'm using the premuim product.
Instructions only work in on line version. Not available in Delux or Premium desktop versions.
@jhale356 wrote:
Instructions only work in on line version. Not available in Delux or Premium desktop versions.
To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.
Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Under Investment Income
On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other, click the start or update button
On the next screen click on Yes
On the next screen click on Other and continue
Enter a Name and continue
Where asked about Type of Investment select Personal items