Reporting Sale of Gold Coins

[mannerinod]

I sold gold coins in 2020 that were purchased between 2009 and 2011, and I did not receive a 1099-B or a statement. The vendor, "Sell Your Gold," said it was a single cash sale electronically deposited in my bank account and does require them to provide a 1099-B or statement.

Since I plan to e-file, I thought I figured out that I need to report the sale by sending Form 8453 with Form 8949 attached showing box F checked to indicate a long-term transaction not reported to me on Form 1099-B. However, while using Turbo-Tax, it appears that the only way to indicate the sale is to except that I have a 1099-B, but show that I am checking Box F. Once I complete the entries, Turbo-Tax reports: "Good news! The summarized sales you reported for Sell Your Gold do not require any additional information to be mailed in." I can't believe this is correct, and am wondering how else to enter the sale in Turbo-Tax without indicating I received a 1099-B? 

[Mike9241]

the sale gets entered on 1099-B worksheet.  use code C for short-term or code F for long-term.  those codes indicate to the IRS they were not reported on form 1099-B. you also have to mark it as a sale of a collectible. 

[mannerinod]

Thank you for the info and help.