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Level 1
posted Feb 25, 2021 4:22:51 PM

Sold a Collectible Item. What do I put down for “Broker”?

Hi, I sold a personal collectible item of mine online last year. I know it would be under capital gains, however, what would I put under “Brokerage” for the item? Would that be the buyer, or the website I sold it from? Thank you. 

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3 Replies
Expert Alumni
Feb 25, 2021 4:35:28 PM

To enter the sale without needing to enter a "Brokerage":

 

  • Start with Investment Income
  • Then Stocks, Mutual Funds, Bonds, Other then Start
  • Did you get a 1099-B or a brokerage statement for these sales? No
  • Tell us about this sale, check I'll enter one sale at a time
  • Then follow the prompts to record the sale

Level 1
Feb 25, 2021 4:58:07 PM

Thank you for the reply. At the moment I am doing it on IOS. It doesn’t ask about a 1099-B, just asks for what kind of investment it was, (I answer other) and then it takes me to asking about a broker.

Expert Alumni
Feb 27, 2021 9:29:36 AM

You can say, "none". A broker is a person who buys and sells goods or assets for others. You are the seller and the website just facilitates your sale; it doesn't broker it.