It appears you have your answer so I will summarize. The key is the Form(s) 1099-S and whether you actually received one, two or none.
If you received one, and it was for the land where the house was situated report that as your home sale.
If you received two, and one is for the 6 acres sold to a relative report that as an investment sale of land.
If you received none report only the 6 acres if you meet the home sale rules on the 66 acre sale.
Land is considered investment property if it is not part of a home sale. Land sales are reported by using the following instruction.
- Federal Taxes tab, then Wages & Income, then scroll down to Investment Income and select Stocks, Mutual Funds, Bonds, Other.
- Respond "yes" to Did you sell any investments? You'll then be asked Did you get a 1099-B or brokerage statement? answer "no."
- Enter one sale at a time
- Enter Land Sale Information Be aware of the tiny box that says "Reported sales price did not deduct all fees of selling expenses," as it must be checked if applicable to you.
- Continue to follow the prompts to complete your sale
As indicated by @Carl, a consideration for using a professional this year could be advantageous. If you are using TurboTax Online we can help.
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