You may need a state return if you had a gain. If that is the case set up the information in Personal Info that you had income from another state first, so that the information can transfer from what you enter below.
Sale of land gets reported in TurboTax as a
sale of an investment.
Within your return, select
Federal Taxes tab
Select Wages & Income tab
On "Your income"
page, click Start button for Stocks, Mutual Funds, Bonds, Other
On "Did you sell any
investments in 2017?", click on Yes button
On next page, answer whether
or not you received a 1099-B or a brokerage statement for the sale
On next page, "Choose
the type of investment you sold", select radio button for Land and
click on Continue button
Enter the details of your
land sale on the next page, "Enter Land Sale Information" and
click on Continue button
On next page, select radio
button for the way in which you acquired the land and click on Continue
button
On next page, "Any
Business or Rental Use?", indicate how you used the land and click on
Continue button
On next page, "Enter
Cost Information", enter Date Acquired and Original Cost and click on
Continue button
TurboTax will then calculate
your gain on the investment in land, indicate whether it's short- or
long-term, and indicate your Proceeds and Cost Basis
You can proceed further and
add any additional similar investment sales in like fashion
I sold 2 vacant lots in Florida. I live in New Mexico. Net gain was $2000. A 1099-B was used by the broker. I paid NM state income tax. Do I also have to file a Florida State Tax return?
Louisiana residents, part-year residents of Louisiana, and nonresidents with income from Louisiana sources who are required to file a federal income tax return must file a Louisiana Individual Income Tax Return.