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Level 5
March 31, 2023
Question

Sale of Coins and Collectibles

  • March 31, 2023
  • 1 reply
  • 22 views

First time entering this into the Proseries software - any tips?

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1 reply

Just-Lisa-Now-
Intuit Community Champion
March 31, 2023

Are they in the business of selling collectibles (Sch C)?

Or was this just a sale from their own collection (Sch D)?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
jo1Author
Level 5
March 31, 2023

own collectibles, so just put it on a schedule D?  Wasn't sure if there was a more appropriate place to put detailed information in.

 

Thank you for the prompt response!

Just-Lisa-Now-
Intuit Community Champion
March 31, 2023

Sch D, I 'think' you'll need to double click on an entry line to access the worksheet to mark it as a collectible, since they are taxed at a different rate than regular capital gains.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪