Entering a Disposition of Collectible Items in Lacerte

To enter a sale for Collectible items:

1. Go to the Disposition screen:
   • Screen 17 (Individual)
   • Screen 19 (Partnership)
   • Screen 23 (S Corporate)
   • Screen 22.1 (Fiduciary)
   • Screen 24 (Exempt Org.)
2. Enter the applicable information regarding the sale:
   • Description
   • Date acquired
   • Date sold
   • Sales price
   • Cost or basis
3. Scroll down to the Schedule D section.
4. Check the box, Collectible (art, stamps, coins, precious metals, etc.)
5. Repeat Steps 1-4 for each Collectible item.

Note: Per the Schedule D instructions, the amount will only show on Schedule D, line 18 (28% rate), if lines 15 and 16 are both gains and if the collectible gain is not long-term gain.