I inherited 80 acres of land in NE and sold it to my brother. Closing at the end of February. The money I received, I put into an annuity with Mutual of Omaha and set it up so that I would receive $3000 a month as income, as I retired last year, and the money supplemented our Social Security payments. How do I report this? In the past I did our taxes at home, but this year, it might be more complicated. Should I have an expert do them? I also have small HYSAs for emergency expenses, and I duly report all interest payments
80 acres at $8000 an acre - I put 600,000 in the annuity and the rest in a HYSA for easy access. I do not have ny interest 1099s yet, and hope to receive them soon.
