- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Carl - thx for your knowledge
Still having problems when testing entries of my 2020 land sale on my 2019 Home&Business TT return.
Per your response - as well as:
I enter info under Investment Income = Stocks,...Other.
I hit update and input institution name and gross proceeds = no problem!
Next - I confirm I did not received a 1099-B = I got a 1099-S!
Next - for type of investment sold - I mark Land.
Next - I input requested info - property description, proceeds, date = no problem!
Next - I enter date sold - using a 2019 date instead of 2020
Next - I enter property was acquired by purchase = no problem
Next = problem - "was this investment ever used for rental"??? Well, it was last rented in 2017! If I mark yes to "ever rented" and I get booted to Sale of Business Property. If I mark "personal use only" (assuming "ever rented" might mean ever rented in the tax year!??) - well, then, I can continue to complete the section an get the long term gain and be done - BUT - there is no place to enter 1099-S information.
Am I missing something?? Might this require TT Premier instead of Home and Business (which has treated us well for 15 years)?
Thanks for your expertise and time.