Sale of primary residence in South Carolina and the two adjacent vacant lots. Three different transactions on different days in 2020.

[hippored3]

Sale of primary residence in South Carolina and the two adjacent vacant lots.

Three different transactions on different days in 2020 too three different buyers.   I bought the home in 1992, one lot in 1993 and the other lot in 2003 for privacy. I moved and bought my new primary home in Georgia in 2019.  I filed my taxes in both states in 2019.

I believe I don't have too pay any capital gains (filed jointly) because it's less than $500,000.  I tried entering the transactions in the Sale of Home sections in the 2019 TurboTax to give a what if scenario of what might happen when I file in 2020.  TurboTax 2019 let's me input ONLY two entries,  the house and one of the lots, but not the other.

How do I go about entering these transactions without paying any capital gains?

THANKS

[ColeenD3]

Please see answer by NCperson. You sold the land in 2020. You can't include it on your 2019 tax return.

[Edited 3/22/2020|1:00PM EST]

[NCperson]

@ColeenD3 -  can you please substantiate your advise with documentation?  

@hippored3 

In IRS publication 523, it states on the bottom of page 5 of that publication:

"Vacant land next to home. You can include the sale of vacant land adjacent to the land on which your home sits as part of a sale of your home if ALL of the following are true.
• You owned and used the vacant land as part of your home.
• The sale of the vacant land and the sale of your home occurred within 2 years of each other.
• Both sales either meet the Eligibility Test or qualify for partial tax benefits, as described earlier.

Also, if your sale of vacant land meets all these require-ments, you must treat that sale and the sale of your home as a single transaction for tax purposes, meaning that you may apply the exclusion only once."