JMReedy
Level 2
03-02-2024
01:56 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I am sure this falls under Capital Gains/Losses but I am not sure how to report it. Any help would be appreciated. Thank you.
Best Answer Click here
Labels
TaxGuyBill
Level 15
03-02-2024
02:48 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
On the 1099-B worksheet.
Enter the information but double-click the entry fields to get to an additional worksheet, where you'll look for Part III and you should check the box for "collectibles".
PATAX
Level 15
03-02-2024
03:17 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Most numismatists, including myself, have been collecting for many years, so it may be a challenge adding up cost basis.