How do I report sale of storage building? It was on a separate piece of property from my home. I received a 1099S for this sale.

brltax314 — Thu, 06 Jun 2019 09:20:02 GMT

If the storage building was never used as part of a busin...

DianeW — Thu, 06 Jun 2019 09:20:03 GMT

If the storage building was never used as part of a business activity where depreciation was used as an expense you can report the sale following the steps here.

In TurboTax Premier use these steps after you sign into your account.

Federal Taxes Tab
Wages & Income
Scroll to Investment Income
Show more if applicable
Stocks, mutual funds, bonds, other
Follow the prompts
Type of investment would be "everything else" (image attached)
Continue to enter your sale description, sale date, how acquired, cost basis and purchase date.

topic How do I report sale of storage building? It was on a separate piece of property from my home. I received a 1099S for this sale. in Deductions & credits

How do I report sale of storage building? It was on a separate piece of property from my home. I received a 1099S for this sale.

If the storage building was never used as part of a busin...