How do i report capital gains from sale of inherited farmland?

russhaas · ‎March 21, 2022

Where in turbotax do I report capital gains?

ThomasM125 · ‎March 21, 2022

You report the sale of the farmland as an investment sale. Follow these steps to enter your investment sales in TurboTax:

While in the Federal section of TurboTax:

1. Income and Expenses

2. Investment Income

3. Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)

Choose the category of investment you want to enter and follow the instructions to enter your investment sale.

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ux4m77XeRy37 · ‎February 6, 2024

Thanks.

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