The sale of vacant land that is not used for business, goes in the same section as 1099-B transactions go.
Here is how to enter it step by step:
- Select Federal from the left side menu.
- Select Wages and Income toward the top left.
- Scroll down/ expand the list and look for Investment Income
- Find Stocks, Mutual Funds, Bonds, Other and click on Start or Update to the right.
- On the screen titled, Did you get a 1099-B or brokerage statement for these sales? answer No.
- On the screen titled, Tell us about this sale, answer I'll enter one sale at a time.
- Fill in your information about the sale.
- For Holding period, select C for property owned for one year or less and F for property owned for more than one year.
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