Enter sale of land in the investment section:
Sale of land gets reported in TurboTax as a sale of an investment.
Please follow the following steps to record the sale in TurboTax:
- Withing your return, select Federal tax
- Select Wages and Income
- On Your Income page, click Start button for Stocks, Mutual Funds, Bond, Other
- On Did you sell any investments in 2021?, click on Yes button
- On next page, answer whether or not you received a 1099-B or a brokerage statement for the sale
- On next page, Choose the type of investment you sold, select radio button for Land and click on Continue button
- Enter the details of your land sale on the next page Enter Land Sale Information and click on Continue button
- On next page, select radio button for the way you acquired the land and click on Continue button
- Enter Cost Information, enter Date Acquired and Original Cost and click continue basis
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
