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posted Jun 5, 2019 11:26:33 PM

I sold vacant at 30k loss.how can i file it and what version of TurboTax will benefit me the most

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Level 15
Jun 5, 2019 11:26:35 PM

Using the TurboTax online editions you will need Premier to report the sale.

To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Under Investment Income
  • On Stocks, Mutual Funds, Bonds, Other, click the start or update button

Or enter investment sales in the Search box located in the upper right of the program screen.  Click on Jump to investment sales

On the next screen, click Yes

On the next screen, click No

On the next screen, choose Land and continue with the section until it completes.