How do I file 1099-S info? I sold a vacant lot for $20,000. It was purchased for approximately $8,000 about 20 years ago with a multitude of ideas for its use (non of them materialized). At time of sale the City RE taxed value was $15K. I just kept the lot cut and clear of debris consistent with city ordinances. Will I be able to deduct the cost of maintenance for the 20 years?
Where do I enter the $20K on my 1040 (I099 MISC)?
