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jklprmg4
New Member

Haven’t filed taxes in a while retired only have social security as income but sold land in Dec of last year how do I pay taxes?

How do I go about paying taxes on the money I got from sale of land?
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1 Reply
DawnC
Expert Alumni

Haven’t filed taxes in a while retired only have social security as income but sold land in Dec of last year how do I pay taxes?

File a tax return and enter the sale in the investments section of TurboTax.   You will need to enter your SSA-1099 as well since you are filing a return.  Where do I enter an SSA-1099?

 

Where do I enter investment sale?   This includes second homes, land and timber sales.   TurboTax will figure your tax and prepare your tax forms for you.  

 

TurboTax Premium   8949 and Schedule D needed for investments.  

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