https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-https-ttlc-intuit-com-replies-5924263/01/1126181#M123213 <P>I sold 16.09 acres of unimproved pasture land 0n 12/16 26/16/2019 for $50,000.&nbsp; I entered a basis of</P><P>$43342.40 and expense of sale$1439.80 (total $44721.20)&nbsp;for a net gain of $5218.80.&nbsp; TurboTax has</P><P>computed a gain of $12,574.&nbsp; Please explain the difference.</P><P>&nbsp;</P><P>&nbsp;</P> Mon, 10 Feb 2020 17:50:26 GMT debenton2309 2020-02-10T17:50:26Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/sale-of-farm-land/01/609758#M79847 Thu, 06 Jun 2019 06:07:20 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/sale-of-farm-land/01/609758#M79847 robtlewis 2019-06-06T06:07:20Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/https-ttlc-intuit-com-replies-5924263/01/609762#M79848 <P> <A href="https://ttlc.intuit.com/replies/5924263" target="_blank">https://ttlc.intuit.com/replies/5924263</A> </P><P> <BR /> </P><BR /> Thu, 06 Jun 2019 06:07:21 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/https-ttlc-intuit-com-replies-5924263/01/609762#M79848 quetal56 2019-06-06T06:07:21Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-https-ttlc-intuit-com-replies-5924263/01/1126181#M123213 <P>I sold 16.09 acres of unimproved pasture land 0n 12/16 26/16/2019 for $50,000.&nbsp; I entered a basis of</P><P>$43342.40 and expense of sale$1439.80 (total $44721.20)&nbsp;for a net gain of $5218.80.&nbsp; TurboTax has</P><P>computed a gain of $12,574.&nbsp; Please explain the difference.</P><P>&nbsp;</P><P>&nbsp;</P> Mon, 10 Feb 2020 17:50:26 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-https-ttlc-intuit-com-replies-5924263/01/1126181#M123213 debenton2309 2020-02-10T17:50:26Z