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Deductions & credits
In the interview that follows the "No 1099-B" screen, you have a place to enter "Sale Proceeds" and "Cost or other Basis" - this is where you report the sale price and costs.
For "Cost or other basis", add up the original purchase price, related costs, and related sales costs.
See the attached screenshot for a sample on a land sale entry.
March 3, 2021
12:55 PM