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Level 1
January 16, 2023
Solved

How do I report profit from land sold to an individual?

  • January 16, 2023
  • 1 reply
  • 17 views
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Best answer by Anonymous_

You would enter this transaction in the same manner as you would had you sold a stock, bond, or other asset held for investment purposes. 

 

This should be in the subsection of the Investment Income section.

1 reply

Level 15
January 16, 2023

You would enter this transaction in the same manner as you would had you sold a stock, bond, or other asset held for investment purposes. 

 

This should be in the subsection of the Investment Income section.