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Deductions & credits
I'll be happy to help out here. But we need more information so I don't waste your time providing information that doesn't apply to your situation. Is this raw land with no building or other structures on it? Did you buy this as an investment? Is this land you sold part of a larger plot of which the sale only comprises part of that plot? Before the sale, was that land plot a part of your primary residence? Were you the only owner of this land? Or did you have less than 100% ownership of the land and it was sold by all the owners to someone else? Maybe it was owned by two of you, and you sold your interest in the land to the other owner? With this information, I can get you to the right section in the program to get your started.
May 31, 2019
7:46 PM