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How to enter partial real estate land sale for LLC
We bought a parcel of land in 2023 for our LLC. We added a couple of small buildings/improvements on part of the land, and sold the remaining 2/3 of the land. The part we sold was vacant without any improvements, and we made a profit on the sale. I previously entered the original vacant land purchase in Turbo Tax 2023 and it is listed as an asset. How do I enter only part of this land as sold without Turbo Tax thinking I sold the entire parcel? Thank you for any assistance.
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‎October 11, 2025
8:26 AM