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Get your taxes done using TurboTax
@polackva You received a 1099-S for the sale of trees in your yard.
Since it was your trees, it goes on Sch D.
- Go to income section
- 1. click on Add More Income
- 2. scroll down to Investment Income
- 3. Show more
- 4. Stocks, Mutual Funds, Bonds, Other
- 5. Start: Continue answering the questions.
- Yes,
- 1099-B - no,
- one sale at a time and the boxes appear for your entries.
The sales price should match the 1099-S you received.
The cost basis is what you paid, plus improvements plus expenses of sale.
Holding period would be long term if for more than 1 year.
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‎February 15, 2021
4:19 PM