To enter the sale on the federal return, it (long-term capital gain) gets reported as an investment sale. Where do I enter the sale of a second home or vacant land on my 2020 taxes?
The capital gain resulting from the sale is Minnesota's income. Enter the sale on your federal return and then TurboTax will generate a nonresident income return for Minnesota (and a resident return for Iowa). On your federal tax return, in the personal information (My Info) section, make sure to indicate that you have income from MN in the ''Other State Income'' field. These instructions are included in the link below.
How do I file a nonresident state return?
@dluhman
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