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Sold a piece of land that was gifted to me

Forum|Forum|7 years ago
June 3, 2019
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TurboTax Self Employed Online

Best answer by PaulaM

This would be reported in the Investment section. You will need the donor's basis and FMV when gifted to you.

In your open return, select My Account
Tools
Topic Search
Type 'land sale' in the box, then select GO

Select 'No', then select Land as your investment type. Continue to enter the details of the sale and costs.

PaulaMAnswer

Employee

This would be reported in the Investment section. You will need the donor's basis and FMV when gifted to you.

In your open return, select My Account
Tools
Topic Search
Type 'land sale' in the box, then select GO

Select 'No', then select Land as your investment type. Continue to enter the details of the sale and costs.

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