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Deductions & credits
Yes, even though this was "personal use" property you will enter it in TurboTax as an investment sale located within the Wages & Income section of the return. You will select start next to the line that says Stocks, Mutual Funds, Bonds, Other. You will then follow the prompts to enter your sale information.
You will be asked for your cost basis in the property. You will need to make an allocation of the original purchase price to determine the cost basis of the portion of land that was sold.
‎June 1, 2019
8:19 AM