We sold a second home and farmland, I know how to report the home sale under investments section, but when I got to the LAND part, is says if this Land is used for a business to report it somewhere else. Well, we owned it and crop shared on it one year but never did any of the actual combining or anything, we just helped pay for the seed ect. We dont have an actual business name registered like and LLC either. So can our farmland be reported for capital gains under the Stocks, mutual funds, bonds or other investments as PERSONAL property? Or does it have to be done somewhere else as property used for a business? I got two different answers from Turbotax Live agents so I am here to double check.
