You will report that in the same section that report stock sales. Here is how to report the sales of investment property in TurboTax Home & Business: Select Personal Click on Personal Income Click on Wages & Income Click on I'll choose what I work on Scroll down to "Investment Income and Select Stocks, Mutual Funds, Bonds, Other" Answer NO to the question "Did you get a 1099-B or a brokerage statement for these sales? Select "Land" and click Continue Enter the sale information and click Continue Continue with interview questions. On the page with Enter Cost Information, enter your acquisition date and cost basis. Your cost basis is your original cost , adjusted for acquisition costs, improvements, etc. Click Continue

Question

I'm using TurboTax Self-Employed and can't find a place to enter the sale of land. Help!

Forum|Forum|4 years ago
April 14, 2022
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Enter sale of land

TurboTax Self Employed Online

D

DavidD66

You will report that in the same section that report stock sales. Here is how to report the sales of investment property in TurboTax Home & Business:

Select Personal
Click on Personal Income
Click on Wages & Income
Click on I'll choose what I work on
Scroll down to "Investment Income and Select Stocks, Mutual Funds, Bonds, Other"
Answer NO to the question "Did you get a 1099-B or a brokerage statement for these sales?
Select "Land" and click Continue
Enter the sale information and click Continue
Continue with interview questions. On the page with Enter Cost Information, enter your acquisition date and cost basis. Your cost basis is your original cost , adjusted for acquisition costs, improvements, etc.
Click Continue