I sold a rental mobile home lot (lot only). I cannot find how to enter to sale proceeds I received. I purchase Turbo Tax Premier because on the cover it states, "Investments & Rental Property".
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If you have a 1099-S from the sale of land, please follow these steps:
• Go to Federal Taxes
• Select Wages & Income
• Click I'll choose what I work on
• Find the Investment income section
• Select Start next to Stocks, Mutual Funds, Bonds, Other
• On the Let Us Enter Your Investment Sale Info screen, select I'll Type it in Myself
• Select No financial Institution on the next screen
• Follow the on screen prompts
How do I enter the sale of land if I have a 1099-s Substitute form?
Form 1099-S is an informational form and is not entered directly into a tax return. The data on the form may be used when you are completing your tax return. You may use the data on your Substitute Form 1098-S to prepare your tax return. This will not impact your return.
To report the sale of your land using the Substitute Form 1098-S in TurboTax follow these steps:
This link Where do I enter the sale of a second home, an inherited home, or land on my 2021 taxes? has information you may find useful.
@Bserrano
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