In 2021 my husband and I sold 16 acres of vacant property in Ohio. We live in North Carolina. We received 2 1099S forms, one for my husband and one for me, his wife. We will have to pay capital gains on this sale. What form do we use to enter the selling information and any deductions? Do we pay capital gains tax to the state of Ohio along with the Federal Capital gains tax?
What do we do with the 1099S forms?
Thank you,
Patti Stewart
