How do you enter a sale of 25% of rental land on turbo tax premium?

Yes, this transaction may be reported as an Investment Sale, found under Wages & Income >> Investment Income >> Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.

The easiest way to find any section of TurboTax Online is to open your return, go to Tax Tools in the left column >> Tools >> Topic Search. Type in your topic, click the topic in the list and then GO to go directly to the start of that section. In TurboTax for Desktop, use the Search box or Show Topics.

1. Click Start/Update or "Add a Sale."
2. Type of Investment: Land
3. Enter:
   1. Description 
   2. Net Proceeds (sales price less selling costs & commissions)
   3. Date of sale.
4. Acquired: whatever method fits
5. Cost Basis = total cost / number of total acres X number of acres sold
6. Date of Acquisition: purchase date

Reduce your personal land records to reflect the new remaining basis for this property.