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N
n-b
March 3, 2020
Question

Sale of property

  • March 3, 2020
  • 1 reply
  • 0 views

We sold a piece of property that was under my husband's name-Biggs & Biggs LLC.  Where do I input the sale of this property?  There were no structures on it, just the land. Was not rented.

    1 reply

    M
    MayaD
    March 3, 2020

    To report the sale of land:

    1. Log in to your account.
    2. Go to Federal Taxes.
    3. Go to Wages and Income.
    4. Scroll down to Investment Income and click show more.
    5. Select Stocks, Mutual Funds, Bonds, Other and click revisit.
    6. Answer No to the question Did or will you receive a 1099-B form or brokerage statement for these sales?
    7. Continue to the screen Now we’ll walk you through entering your sale details and select Land for the type of investment from the drop down menu.
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