If you sold stocks, bonds, or other personal-use or investment property during the year, you’ll need to report those sales on your tax return.
Report Here If:
- The property was held for personal use, pleasure, or investment (e.g., stocks, collectibles, crypto, etc.)
Do Not Report Here If:
- The property was used in a business or trade.
- Business-use property should be reported on Form 4797, not in the personal income section.
Make sure to enter:
- Date acquired and sold
- Sales proceeds
- Cost basis
- Any adjustments or fees
Accurate reporting ensures correct calculation of capital gains or losses, which may affect your overall tax liability.