You can enter the sale of land by following these steps:
- In TurboTax, open your tax return
- Click on Federal in the left-hand column, then on Wages & Income on top of the screen
- Scroll down and locate the section Investment Income and click on Show more
- Click Start next to Stocks, Mutual Funds, Bonds, Other
- Answer Yes to the question: Did you sell any investments?
- Answer No to the question: Did you receive a form 1099-B or brokerage statement?
- Select Land from the list of investments.
- Follow the TurboTax interview to enter your information. If you incurred sale expenses, you can subtract them from the proceeds.
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