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tashd2022
New Member

I received a check from a property sale how do I enter it on my tax return?

 
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1 Reply
DianeW777
Employee Tax Expert

I received a check from a property sale how do I enter it on my tax return?

It depends. This will be entered as an investment sale if it was not your home and if it was property that you invested in.

To enter your sale in TurboTax, follow these steps. Click this link for more information. Where do I enter Investment Sales?

  1. Open or continue your return.
  2. Navigate to the investment sales section:
    • TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open
    • TurboTax Desktop: Search for investment sales and then select the Jump to link. 
      • Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
  3. Answer Yes to the question Did you sell any of these investments in 2024? (or Okay! to Time to kickoff your investments!).
    • If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments.

Please update here if you have additional questions or need assistance and we will help.

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