Question

we sold land for 500. no form 1099s was needed. where and how do we report sale to irs?

Forum|Forum|1 year ago
February 25, 2025
1 reply
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report sale of land ?

In TurboTax Online, you can enter the sale of land by following these steps:

Open your tax return
Click on Federal in the left-hand column, then on Wages & Income
Navigate to the list of income categories
Locate the section Investments and Savings and click on Add/Edit
Continue until you arrive at the page OK, let's start with one investment type. Select Other and click Continue
Follow the TurboTax interview to enter your information.
If you incurred sale expenses, you can subtract them from the proceeds.

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