- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
You can report the land sale in TurboTax using these steps:
- Click on Federal > Wages & Income
- In the Investment Income section click on the Start/Revisit box next to Stocks, Mutual Funds, Bonds, Other.
- If you have already entered some investment sales, you will see a screen Here's the investment sales info we have so far. Click on the Add More Sales link.
- If you haven't yet entered some investment sales, you will see a screen Did you sell any investments in 2019? Click the Yes box.
- On the screen, Did or will you receive a 1099-B form, mark the No button and click Continue
- On the screen, Now we’ll walk you through entering your sale details, select Land from the list in the first box.
- Fill in the rest of the boxes with the sale information. Be sure to enter the NET proceeds.
- If taxes were withheld from the sale, click the box I have more info to enter that I don’t see here. Enter the taxes in the boxes that appear.
- Click Continue when done.
- Continue through the screens, entering the requested information.
April 9, 2020
7:59 AM