How to report a sold car profit

[Zuma20]

Hello, I sold a car for $300 profit after I did some repairs 1 month after I purchased it. How can I include this as capital gain?

Thanks

[leeloo]

If this was a personal use car, enter it in the Investment section. 

TurboTax Premier online (or higher) is required to report the sale of land.  You'll make the entry by clicking on the 

• Federal Taxes 
• Wages & Income
• Investment Income and select 
• Stocks, Mutual Funds, Bonds, Other.

Respond "yes" to Did you sell any investments?  You'll then be asked Did you get a 1099-B or brokerage statement? and you'll answer "no."  Then you'll be shown a list of various investment sales and you'll select the option that applies. 

[Zuma20]

Thanks for your answer. I have the premier edition. I reached for the screen that said:

OK, let's start with one investment type. The only options I see are Interests, Dividends, Stocks, Bonds, Mutual funds, Cryptocurrency, and Others.

I did select Others (as I sold a car). But it asks me :

Enter the name of the person or financial institution that brokered this sale.

I sold it to someone from the local marketplace; what should I do?

Thanks

[leeloo]

You can just write "Individual"

[Zuma20]

Thank you so much for your help; Does the car I sold account as a Personal item or Others from the dropdown menu on the screen that says, " Now, enter one sale for Individual"?

Best regards,

[AmyC]

You should be able to select stock, bond, other and enter your transaction. You only have one sale to enter. The dropdown box will ask for long or short term. Since your sale was less than a year, it is short term.  It will look like this