Self employed

To report, you will need to go to:

1. Go to federal
2. Wages and income
3. Investment Income”
4. Choose “Stocks, Mutual Funds, Bonds, Other” and select “start’  Select other.
5. The first screen will ask if you sold any investments during the current tax year (This includes any sale of real property held as an investment property so answer “yes” to this question)
6. Since you did not receive a 1099-B, answer “no” to the 1099-B question
7. Choose type of investment you sold - select everything else
8. What type of investment other
9. How did you receive the investment. Indicate you purchased it. 
10. On what did did you receive this investment.  The date of purchase of the vehicle.
11. Some basic information:
    1. Description –  Usually Once he address of the property sold
    2. Sales Proceeds –  The amount you received for the sale
    3. Date Sold – Date you sold the property
    4. Cost or other basis  (This is the price of purchase.) 

Reach out to us if you have additional questions.