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terryb5
New Member

Sold land .Was not inherited. will have long term loss.Recieved 1099-s.Enrolled in self employed. where do I enter this? Thanks

What schedule should this be entered on?
2 Replies
DoninGA
Level 15

Sold land .Was not inherited. will have long term loss.Recieved 1099-s.Enrolled in self employed. where do I enter this? Thanks

To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.

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

Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales

 

On the screen Did you sell stocks, mutual funds, bonds, or other investments in 2020? click on Yes

On the screen OK, what type of investments did you sell? click on Other and then on Continue

Continue past the screen Tell us more about this sale

On the screen Now we’ll walk you through entering your sale details, select the type of investment sold in the dropdown on What type of investment did you sell?

Continue with this section until it completes.

Mike9241
Level 15

Sold land .Was not inherited. will have long term loss.Recieved 1099-s.Enrolled in self employed. where do I enter this? Thanks

was the land used for anything or was it an investment?

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