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I sold land in 2016. Do I have to pay taxes on the sell of the land?
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posted
June 5, 2019
10:42 PM
last updated
June 05, 2019
10:42 PM
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I sold land in 2016. Do I have to pay taxes on the sell of the land?
To the extent you made a profit on the sale, yes, that's taxable income. Please go to Federal Taxes>Wages & Income>Investment Income >Stocks, Mutual Funds, Bonds Other. Proceed through the interview until you reach the question Choose the type of investment you sold, then select land.
June 5, 2019
10:42 PM
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