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Investors & landlords
Turbo Tax is making it rental real estate.
You really need to provide more details on what your business does, and where you're entering things in the program. Also, did you receive any tax forms related to the business? For example, if you received a 1099-MISC with income reported in box 1, then that's passive rental income and the program is treating it correctly.
If it's treating it like rental real estate, then did you start in the Rental & Royalty Income section? Or did the program "take you there" most likely after entering 1099-MISC box 1 income?
Where are you attempting to report the sale of the real estate you sold? Was it raw land? Or land with a structure on it?
‎February 22, 2022
7:57 AM