Carl
Level 15

Investors & landlords

The IRS will consider this an investment. YOu will report the sale in the Investments section. Elect to start/update Stocks, Bonds, Mutual Funds, Other.

Click YES

Click NO since no 1099-B was issued for this investment.

Select LAND (assuming there was no structure on this land) and go from there.

Since you owned this property less than a year, you will pay the higher short term capital gains rate on any gain realized. With only a few thousand dollars of gain, it won't be much really.