Hello!
I recently sold a piece of vacant land that I had purchased a few years ago under my business's name (single member LC) as an investment. The sale resulted in a capital gain, and I would like to report it as such on my Schedule C. However, I'm having difficulty locating the appropriate section in TurboTax to input this information under business activities. As a result, I believe I may need to report the capital gains on Schedule D of my personal tax return (Form 1040), although that would not be correct since the property was not on my personal name. Please advise.
