Here is how to enter the sale of land:
You can enter this info in the investment section of TurboTax. Select the product you’re using for the right instructions.
Note: To report investment sales, you’ll have to use TurboTax Premier, TurboTax Self-Employed, or TurboTax Home & Business.
TurboTax Online
TurboTax CD/Download
According to Internal Revenue Service publication 544 , "Sales and Other Dispositions of Assets," you must report the sale of vacant land as a capital gain or loss. Use Form 8949, "Sales and Other Dispositions of Capital Assets," to figure the amount of gain or loss from the sale. Sales and Other Disposition of Assets
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