Type 'sale of business property' in the FIND window, and then 'Jump to sale of business property'.
Check only the first box and Continue to enter Sales Info. The Cost of the Property (or Tax Basis) would be the Full Market Value when you received it as a gift.
Add any Cost of Improvements, plus Sales Expenses to this amount to determine amount of Long Term Capital Gain.
If you previously claimed Conservation or Land Clearing Costs on the property, you will need to enter that amount.
You can also report an Installment Sale in this section, if that applies.
Type 'schedule f' in the FIND window, then 'Jump to schedule f' to enter any income/expenses in 2018 prior to sale, and to indicate that you sold the property (unless you used Schedule E previously).
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