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robtlewis
New Member

Sale of farm land?

 
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2 Replies
quetal56
New Member

Sale of farm land?

debenton2309
Returning Member

Sale of farm land?

I sold 16.09 acres of unimproved pasture land 0n 12/16 26/16/2019 for $50,000.  I entered a basis of

$43342.40 and expense of sale$1439.80 (total $44721.20) for a net gain of $5218.80.  TurboTax has

computed a gain of $12,574.  Please explain the difference.

 

 

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