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2024 Deluxe - where do I enter foreign land sale details?

There is no 1099 form for this sale. I am trying from Investment Income -> Stocks, Crypto... -> Add Investments > Skip Import.

 

If I select Stocks, Bonds... box, there is no option to say this sale does NOT have a 1099-B. All the following questions are very much driven as if I have a 1099-B. In one screen it says the details should exactly match with 1099-B. I went ahead and selected Long Term did not receive 1099-B form. At the end, there was one reminder asking me to send 1099-B to IRS!

 

If I select a box that says Land, there is no 1099-S. The form has fields such as State. There is no option to select "outside USA".

 

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4 Replies
DaveF1006
Expert Alumni

2024 Deluxe - where do I enter foreign land sale details?

Here  is how to report your investment sale for the foreign land in Turbo Tax online.

 

  1. Open your return
  2. Go to Income
  3. Go to Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto)
  4. When it asks ho you would like to enter the information, say you would like to enter a different way.
  5. When it asks for the type on investment select other
  6. Now you will start answering questions about this sale.
  7. When it asks for the type of investment, select other
  8. Then there will be questions you will need to answer such as how you received the investment, date bought or inherited, date sold, proceeds, and the amount you paid for the land when you purchased it.
  9. Finish out this section until you have completely reported the sale.
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2024 Deluxe - where do I enter foreign land sale details?

Thanks! I think the navigation is little different but I figured out. This also generated form 8949 which I was looking for. 

2024 Deluxe - where do I enter foreign land sale details?

I'm following you on the instructions for reporting land sale, but the drop down only includes the 50 US States. We had a sale of property in Puerto Rico (live in AZ). Turbo Tax gives an error since a state was not selected. 

KrisD15
Expert Alumni

2024 Deluxe - where do I enter foreign land sale details?

Are you reporting this in the Investment Income section? That should not ask for an address. 

 

It sounds like you might be entering in the "Less Common Income" "Sale of Home" section. 

 

Can you verify which section you are in? 

 

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