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Get your taxes done using TurboTax
Nope. There is not a 1099-S entry screen like there is for all of those other forms you mentioned. To calculate the gain or loss on land, you need the same information (proceeds, basis, and holding period) you would need for stocks, bonds, and other investments. So instead of a separate entry field, all of those types of investments use the same generic form. Any investment not on a 1099-B is entered in that spot.
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‎February 17, 2021
6:00 PM