topic Re: Sold my rental property and land in Investors & landlords

Sold my rental property and land

MisterB1 — Mon, 23 Feb 2026 09:39:17 GMT

I acquired a small home on six acres in 2012 and immediately began renting the home. We decided to sell the house and 1 acre and then sold the remaining 5 acres to another buyer. I had the five acres surveyed out of the original plot. Can I lump both sales together seeing that the property has been a whole the entire time I've owned it? Or, should I list the house and 1 acre as the sale of the rental property and list the sale of the 5 acres as the sale of an investment property? Please help! I'm in Tennessee so there are not any state taxes to worry about.

Re: Sold my rental property and land

Mike9241 — Tue, 31 Jan 2023 07:35:36 GMT

since the rental property sale reporting is through schedule E while the land sale would be reported through the 8949, I would not lump them together. also if you got a 1099-S for either or both sales lumping could cause matching issues.

Re: Sold my rental property and land

MisterB1 — Tue, 31 Jan 2023 15:31:17 GMT

Thank you for your feedback! I was leaning in this way. Seeing that I did get two separate 1099-S documents, I though it could potentially cause a red flag after being submitted as only one transaction. Thanks again.