Vanessa A
Employee Tax Expert

Investors & landlords

No.  If you did not live in the home you will enter it as a sale of investment property (even though it was inherited)

You would enter the sale of the land by clicking the following:

  1. Federal
  2. Income
  3. Show More next to Investment Income
  4. Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) 
  5. Select Other
  6. Continue through and select Second Home for the type of investment
  7. Answer how you obtained it
  8. You will need to enter the selling price, dates and the cost basis   

Note, your navigation sequence may be slightly different.  You can also use the Jump to feature by entering investment sale in the search bar at the top of the screen. 

 

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