Form 1041, Schedule D, form 8949

Forum|Forum|2 years ago
February 8, 2024
2 replies
10 views

When filling out the form 1041 in turbo tax business it inquires about the sale of the house. What about the sale of land held by the decedent.? Where is that shown in the questionaire/interview in turbo tax? How is the sale recognized in schedule d, form 8949.? Do I have to overside to enter it. ? I am sure to get a 1099-S when the land sells. Its not land used for private resident when my mom was alive. Its vacant land out of state

TurboTax Business Windows

Anonymous_

Level 15

No text available

PatriciaV

Level 15

If the land has not been sold yet, you would not report a land sale on the current year tax return. However, completed land sales are entered in TurboTax Business (1041) under Investment Income >> Stocks, Mutual Funds, etc. The information you enter will be used to compete Form 8949 as part of the estate return.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"