Carl
Level 15

Investors & landlords

My bet is, you had an insurance payout after the house burned down. This can potentially complicate things a bit. More-so if your state also taxes personal income. You may wish to consider professional help for this year.

Basically, you have three sales.

- The sale of the burned home to the insurance company

- The sale of 66 acres of land to one party

- The sale of 6 acres of land to another party.