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D
donnacavanaugh
Level 2
March 9, 2026
Question

how do I figure the capital gain on sale of collectible coins

  • March 9, 2026
  • 2 replies
  • 9 views

My client sold some silver coins that he purchased in 2009. He made a gain. I need to know where exactly do I enter the sale, since there is not a 1099-B

2 replies

GodFather
GodFatherIntuit Community Champion
Intuit Community Champion
March 9, 2026

 

You said he made a gain...how did he determine that?  Do you have an appraisal on what the coins are worth?  How much did he pay for the coins?  What was the sale price?  It should be reflected on Schedule D once you figure everything out.  

    IRonMaN
    IRonMaN
    Level 15
    March 9, 2026

    I agree with schedule D, but I don't think you need an appraisal.  If he knows how much he paid for it and how much he sold it for, you have all of the pieces of the puzzle you need.  But hopefully he has documentation for what he paid rather than him looking up at your ceiling tile to get the cost basis.

    Slava Ukraini!
      Just-Lisa-Now-
      Just-Lisa-Now-Intuit Community Champion
      Intuit Community Champion
      March 9, 2026

      You still use the asset sales worksheet, you'll check the box thats says not on a 1099B, but I think you'll need to double click into the entry line and choose that its a collectible, for it to tax it correctly.

      ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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