You'll need to sign in or create an account to connect with an expert.
Yes, if you sold land (unless it was used for business) it should be reported as an asset sale on Schedule D. To report the sale you will enter this under the Investment Income area of Wages & Income:
TurboTax will
calculate the gain or loss on this investment and determine if it was short- or
long-term.
Yes, if you sold land (unless it was used for business) it should be reported as an asset sale on Schedule D. To report the sale you will enter this under the Investment Income area of Wages & Income:
TurboTax will
calculate the gain or loss on this investment and determine if it was short- or
long-term.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
mag1949
Level 1
jandan2000
New Member
rjs55
Returning Member
soccerdale18
New Member
sam992116
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.