This type of sale is entered as a sale of an asset that will
be reported on Schedule D for capital gains.
Using TurboTax, take the following steps to get to that section of your
program:
- Using the search
box in the upper right corner, type “schedule
d”. Then click Find.
- The search
results will show a link to Jump to
schedule d. Click that link.
- This will bring
you to the correct section in the program.
Answer the question about selling an investment with Yes.
- Answer the
question about receiving a 1099-B with No.
- Choose Land as the type of investment
sold.
- Proceed with the
interview and answer the questions.
