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April 13, 2025
Question

Good morning! If I sold land last year, is there a certain form that I have to fill out?

  • April 13, 2025
  • 1 reply
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    1 reply

    DoninGA
    April 13, 2025

    You should have received a Form 1099-S for the sale of the land.  The 1099-S is not entered on a tax return. 

    The sale is entered as an investment sale -

     

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

     

    Using the desktop editions -

    On the next screen click on Yes
    On the next screen click on Skip import
    On the next screen, select Other and continue


    Using the online editions -

    On the next screen click on Yes
    On the next screen, click on Enter a different way
    On the next screen, click on Other and continue