3275416
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Sale of inherited land/1099-S

In 2023 I sold some farmland that I inherited from my parents.  I have a 1099-S.  Where do I enter it?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Sale of inherited land/1099-S

in the investment section

  1. Click on Federal > Wages & Income
  2. In the Investment Income section click on the Start/Revisit box next to Stocks, Mutual Funds, Bonds, Other.  If you have already entered some investment sales, you will see a screen Here's the investment sales info we have so far.  Click on the Add More Sales link. 
  3. If you haven't yet entered some investment sales, you will see a screen Did you sell any investments in 2023?  Click the Yes box.
  4. On the screen what type of investments did you sell? mark the Other  then Continue.
  5. When you get to the screen, Now we’ll walk you through entering your sale details enter the details of the sale.  
  6. Click Continue when done.

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question