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smsd46
New Member

Where do I enter income from sale of real estate property?

Not an installment sale…
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2 Replies
AnnetteB6
Employee Tax Expert

Where do I enter income from sale of real estate property?

In general, unless you are selling a rental property or your personal residence, the sale of real estate property is reported on Schedule D as a capital sale.

 

Follow the steps in the TurboTax help article below for guidance:

 

Where do I enter the sale of a second home, an inherited home, or land on my 2024 taxes?

 

As you go through these steps, the main thing to remember is that you start by saying you have sold an 'other' type of property that generally will not be reported on a Form 1099-B.  Then, your method of acquiring the property could affect your basis.  
 

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Where do I enter income from sale of real estate property?

If the sale was not your primary home or a rental property -

 

To enter an investment sale -

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, Cryptocurrency, Mutual Funds, Bonds, Other, click the start or update button


Using the online editions -

On the screen Did you have investment income in 2024? click on Yes

On the screen Let's import your tax info click on Enter a different way

On the screen OK, let's start with one investment type, select Other and Continue

On the screen Tell us more about this sale enter a Name and Continue

On the following screen select the type of investment sale on the dropdown What type of investment did you sell?

Continue with this section until it completes.

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