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tow_mih
Returning Member

Sale of Land

The info I found to help does not follow my TurboTax.  When I click I did not receive 1099B, shows I should be able to choose the investment type "land".  However, I do not have that option in my Deluxe version.  Do I need to upgrade to have that option?  My version's next screen is " Tell Us About This Sale" and all the "help" info is related to stock.  

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2 Replies

Sale of Land

unless there is something important you left out pretend it's a stock and just answer the questions.  what's needed:  description, sales price, cost,  date acquired and date sold.  about the only thing that would make a difference would be if it was inventory. that would make the gain ordinary rather than capital gain.

tow_mih
Returning Member

Sale of Land

Thank you for your help!  There is no inventory involved, this is just land that I did improvements on like adding electricity, etc. and no structures.

 

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