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Get your taxes done using TurboTax
TurboTax Home & Business supports entering information about a land sale. Thus, there should be no need to switch to a different TurboTax product. Was this land sale effected in connection with a business? If yes, then the land sale information should be entered in the Sale of Business Property section of TurboTax Home & Business. Sale of Business Property is under the Business and Business Income and Expenses tabs.
If the land sale was not part of a business, then you enter the land sale information under Personal Income, in the Stocks, Mutual Funds, Bonds, Other section.
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‎April 12, 2023
10:17 AM