Investment sale of a Collectible

[jmorrow89]

Hi i have the 2022 Mac version of Turbo tax premier. I have collectible items to enter in my Investment section and I received 1099-k's for these. When i go to investment income, it allows me to select no for the question about 1099-B; but does not let me enter the sale as a 'collectible' if I choose to enter each sale individually or enter them as a category.  

I also attempted to enter this information indicating that I do have a 1099-B and selecting that my brokerage was not listed in the drop down.  However, I still cannot seem to select my sales as be collectible related.

[TeresaM · Accepted solution]

We would like to take a deeper look at what you are describing. Please try to enter it in the Investments section and check that you do not have a 1099-B, and then enter the sale information. The next screen should look like this, with a box to check that it is a collectible.



If you do not see this, it would very much help to have a diagnostic file, which is a sanitized copy of your tax return that has all of your personal information removed. You can give us a token number here.

TurboTax Desktop/Download Versions:

1. Open your return.
2. Click the Online tab in the menu bar across the top of TurboTax and select “Send Tax File to Agent”
3. This will generate a message that a diagnostic copy will be created.  Click on OK and the tax file will be sanitized and transmitted to us.
4. Please provide the Token Number that was generated in the response.  

Any screenshots which you feel would be helpful can also be shared, just please make sure there is no private information displayed.

[jmorrow89]

I do see this - thanks!