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I sold burial plots for 3000.00 do i claim it as income on my taxes

 
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3 Replies
MargaretL
Expert Alumni

I sold burial plots for 3000.00 do i claim it as income on my taxes

Yes, please report the sale as investment sale income, the profit is subject to capital gain tax.

  1. Federal Taxes 
  2. Wages & Income
  3. Scroll down to Investment Income
  4. Select Stocks, Mutual Funds, Bonds, Other – indicate that you have not received form 1099-B and continue through the interview. You will be prompted to enter the sale category as "everything else".

I sold burial plots for 3000.00 do i claim it as income on my taxes

I have a long term gain from the sale of a burial plot and I received a 1099-MISC reporting the sale price in BOX 3.  Should this still be reported as a capital gain on Schedule D?  

I sold burial plots for 3000.00 do i claim it as income on my taxes

Yes ... follow the instructions in the other post. 

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