Collectible sale not showing as Collectible after typing in "C" - TurboTax Desktop Home & Business Mac

[jw007]

Hello,

My TurboTax is not recognizing my sale as a "collectible" which should be 28% tax rate.

I have entered "C" into the form but my amount owed does not change if I have "C" or not "C".

This is what I did, but it does not work. Please help.

There is a way to enter a summary of collectible sales.

• Click on I'll enter a summary for each sales category.
• Enter Total proceeds, Total cost basis, and Holding period
• Check the box below the Holding period for I have adjustments to enter for sales in this summary
• Then Select Learn More after List all adjustment codes
• Code C is for collectible

screenshots:

[jw007]

anyone have a solution?

[GeorgeM777]

As these collectible sales are short-term, ordinary income tax rates will apply.  If you have not already done so, you might have to move through the entire section before your tax due amount will update.   

@jw007