Hello,
I'm having some trouble trying to figure out how to show vacant land sale in Turbo Tax 2022...
I have an LLC (s-corp election) that I filed using turbo tax business 2021 and entered 3 vacant land acquisitions in 2021. I've sold one of these properties in 2022...
In the "about your business" section, subsection "rental real estate property summary"...I "edit" the property and checked the box next to "this rental property was sold...this tax year"
However, in the rental real estate income and expense page...the "Dispose of Rental Real Estate Property" only has options for Depreciable assets, which I dont' have. This was only vacant land.
Where/How do I show this property sold and the price i received for it, and my cost basis?
