For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

Residential lot purchased in 1977. Former residence, but has been vacant lot for 10 years.

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What goes under Total amount paid?

Total amounts paid you you I presume? That would be whatever your contracted sale price was.

It turns out this is the total that WE paid for the property 30+ years ago. It's clumsily labeled and not presented in the order I would find logical, but it gets a sensible result. Problem solved.

Backdoor Roth IRA 2024 - Turbotax is taxing the entire amount of the conversion (which is incorrect - the conversion amount is the same amount as the basis from the non-deductible IRA that I am converting to Roth.

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For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

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For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

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For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

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