Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
farmer1
New Member

I bought a farm with a house which I did not live in. I split the house from the farm and sold it in the same year. How do I report the sale of the house?

 
1 Best answer

Accepted Solutions
Cattlerancher
New Member

I bought a farm with a house which I did not live in. I split the house from the farm and sold it in the same year. How do I report the sale of the house?

This sale would be entered in TurboTax under Investment Income,----Stocks, Mutual Funds, Bonds, Other.

I've attached a page snip below;

View solution in original post

1 Reply
Cattlerancher
New Member

I bought a farm with a house which I did not live in. I split the house from the farm and sold it in the same year. How do I report the sale of the house?

This sale would be entered in TurboTax under Investment Income,----Stocks, Mutual Funds, Bonds, Other.

I've attached a page snip below;

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v