My brother, sister and I owned land that we inherited. We created an LLC in 2010 and just sold the farmland this year. How and where do I put the information in Turbotax to reflect the cost basis.....we had an appraisal that valued the land in 2010 as compared to the sale price and there was a gain of 133000 in value. How do I enter information so my capital gains is on only the 133000 gain rather than the whole 225000 sale price?
