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sbgoppert
New Member

There in no place for land sale in investment income section. Answers on how to report do not work anymore. How to report gain on sale of raw land?

Sold vacant  land and recieved a 1099-s 

1 Best answer

Accepted Solutions
DoninGA
Level 15

There in no place for land sale in investment income section. Answers on how to report do not work anymore. How to report gain on sale of raw land?

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 next screen, click Yes

On the next screen, click No

On the next screen, choose Land and continue with the section until it completes.

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1 Reply
DoninGA
Level 15

There in no place for land sale in investment income section. Answers on how to report do not work anymore. How to report gain on sale of raw land?

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 next screen, click Yes

On the next screen, click No

On the next screen, choose Land and continue with the section until it completes.

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