sale of a personal vehicle

seediris
seediris Member Posts: 1 Newcomer
in Filing my taxes

i sold a personal vehicle in 2024 for a profit but i cannot figure out where to add this in my taxes. it prompts for a 1099-K but i do not have one. i need to fill out a 1040 schedule d but do not see anywhere to do so.

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Answers

  • PhillipB
    PhillipB FreeTaxUSA Team Posts: 94

    Hello,

    Follow these steps to report the sale of your car:

    1. Click the Income TAB > Click Investments and Savings > Click Add an Investment
    2. Choose Other Sales > Click Save and Continue > Enter Your name or whatever you want for Person ? Financial Institution that Brokered your Sale(s) > Click Save and Continue
    3. Choose one at a time and click Save and Continue
    4. Choose I didn't get a tax form and click Save and Continue
    5. Enter the sales information and continue from there.

    Let us know if there are additional questions or concerns.

    Thanks for using FreeTaxUSA

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