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How/where to report capital gain from sale of undivided interest in commercial real estate?

 
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3 Replies
HelenC12
Expert Alumni

How/where to report capital gain from sale of undivided interest in commercial real estate?

Please clarify. Did you receive any tax forms, 1099-S, K-1?

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How/where to report capital gain from sale of undivided interest in commercial real estate?

Yes, a 1099 S

HelenC12
Expert Alumni

How/where to report capital gain from sale of undivided interest in commercial real estate?

These types of sales are considered investment sales and are entered in the investment section of TurboTax. 

  1. Open (continue) your return in TurboTax.
  2. In the search box, search for investment sales then select the Jump to link in the search results.
  3. Answer Yes to the question Did you sell any of these investments in 2021?
    • If you land on the investment sales summary screen , select Add investments.
  4. Continue and on the Let's import your tax info screen, select Enter a different way.
  5. On the OK, let's start with one investment type screen, select Other then Continue.
  6. Continue with the onscreen interview to enter your sale's information until complete.
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