I sold my farm in 2017. Do i have to pay taxes on the capital gains from the sale

[crazydave68]

I sold my farm in KY for a profit.  Do I have to pay Federal Capital gains taxes?

[CarolynM]

Was this just your home or did you earn income from the farm?

[crazydave68]

Earned Income from the farm and No it was not my home.

[CarolynM]

Yes, you will pay capital gains on the sale. It is considered investment income for which there is no form 1099.

For more information on capital gains, follow this link: 

https://turbotax.intuit.com/tax-tips/investments-and-taxes/guide-to-short-term-vs-long-term-capital-...

[crazydave68]

OK where do I add the capital gains in TurboTax?

[crazydave68]

I checked the box that asked if I sold the farm. But it never asked me how much I bought or sold it for.