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I sold burial plots for 3000.00 do i claim it as income on my taxes
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June 4, 2019
2:04 PM
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Deductions & credits
Yes, please report the sale as investment sale income, the profit is subject to capital gain tax.
- Federal Taxes
- Wages & Income
- Scroll down to Investment Income
- Select Stocks, Mutual Funds, Bonds, Other – indicate that you have not received form 1099-B and continue through the interview. You will be prompted to enter the sale category as "everything else".
June 4, 2019
2:04 PM
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Deductions & credits
I have a long term gain from the sale of a burial plot and I received a 1099-MISC reporting the sale price in BOX 3. Should this still be reported as a capital gain on Schedule D?
November 6, 2019
7:51 PM