Schedule D and Form 8949

I sold transferable development rights from rental property (raw land) in 2020. Doing so means I cannot build homes on that property for 50 years. I have reported this in the past on Schedule D and Form 8949 as sales of Capital Assets in part II with (F) checked. I am unable to access Form 8949 and the Schedule D form is not responsive to any input. Has this feature not been enabled yet? Or am I not doing something correctly?

Blaine Cornell

359

Expert Alumni

Feb 8, 2021 10:04:42 AM

You need to enter the sale through the program. It will enter the information on the Schedule D and Form 8949. Follow the instructions below:

When you sell stocks, bonds, mutual funds, or other securities, you should get Form 1099-B from your brokerage by mid-February. Simply enter the form into TurboTax to report the sale.

But what about non-security investment sales like coins, collectibles, timber, land, or a second home? Here's how you enter those:

Open (continue) your return in TurboTax.
In the search box, search for investment sales then select the Jump to link in the search results.
Answer Yes to the question Did you sell stocks, mutual funds, bonds, or other investments in 2020?
- If you land on the Here's the investment sales we have so far screen, select Add More Sales.
Answer No to the 1099-B question.
On the next screen, select the type of sale you had (like second home, collectible, or land) and Continue.
Continue following the onscreen instructions to enter the sale.

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Schedule D and Form 8949