Yes, you can and should enter your easement payment as a sale. The instructions below will allow you to enter the information in your return as a sale of investment property, which will place it on Schedule D for capital gain treatment. The instructions below are placed here for your convenience and are duplicated previously.
First delete your Form 1099-MISC from your return using the link for your TurboTax version.
- If you're using TurboTax Online software and need to delete a form, click here.
- If you're using TurboTax Desktop software and need to delete a form, click here.
Now use these steps to enter your capital gain sale.
- Open or continue your return.
- Navigate to the investment sales section:
- TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open
- TurboTax Desktop: Search for investment sales and then select the Jump to link.
- Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (important to select this)
- Answer Yes to the question Did you sell any of these investments in 2024?
- If you land on the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments.
- Select how you acquired the land, the date of purchase and the date of sale.
- Click this link for more information. Where do I enter Investment Sales?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
