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I sold a fine art collectible in 2022 for $680000. How to I report the gain in turbotax deluxe
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July 31, 2023
10:56 AM
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July 31, 2023
10:56 AM
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I sold a fine art collectible in 2022 for $680000. How to I report the gain in turbotax deluxe
To enter an investment sale -
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 (1099-B), click the start or update button
Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales
July 31, 2023
11:07 AM
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I sold a fine art collectible in 2022 for $680000. How to I report the gain in turbotax deluxe
If you are using the TurboTax online web-based editions you will need to upgrade to the Premier online edition to report the investment sale. The Deluxe online edition does not support entries of investment sales.
July 31, 2023
11:22 AM
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I sold a fine art collectible in 2022 for $680000. How to I report the gain in turbotax deluxe
you must also use code C so the proper tax is computed on the gain.
July 31, 2023
12:00 PM
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