Re: For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

Residential lot purchased in 1977. Former residence, but has been vacant lot for 10 years.

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What goes under Total amount paid?

Total amounts paid you you I presume? That would be whatever your contracted sale price was.

It turns out this is the total that WE paid for the property 30+ years ago. It's clumsily labeled and not presented in the order I would find logical, but it gets a sensible result. Problem solved.

we sold a property & the gross proceeds were divided between 3. what do I enter on the total gross proceeds question? we each have a 1099-s and it lists the full amount.

in Deductions & credits

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For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

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For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

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For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

For a land sale, I have entered the proceeds from box 2 of the 1099-S. What goes under Total amount paid?

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