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Deductions & credits
You are in the right spot. Other Investment sales is where you enter the information from the 1099-S. Answer Yes that you sold investments in 2020. And NO to the 1099-B question. The screen will not ask for the actual 1099-S, but you use the information on the 1099-S to complete the sale entry. You need the description, date sold, date acquired, proceeds, and the basis. If you held the property for more than a year, the holding period is Long-Term. If less than a year, it is Short-Term.
As mentioned above, you will need to know the 'Cost Basis' of the portion of land you sold. You could use an Assessor's Statement or Tax Bill and calculate the % that belongs to the land you sold.
Where do I enter Form 1099-S? @stitches_of_joy
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