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TomK
Level 2
April 13, 2021
Solved

How do I record a sale of vacant land in Pro Series Basic

  • April 13, 2021
  • 4 replies
  • 43 views
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Best answer by Just-Lisa-Now-
Code F means Long Term with Basis not reported to IRS, so that seems appropriate, yes.

4 replies

Just-Lisa-Now-
Just-Lisa-Now-Intuit Community Champion
Intuit Community Champion
April 13, 2021

Sch D just like any sale of investment.    Use the 1099B worksheet, just scroll down past the brokerage info to the entry table.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    TomKAuthor
    Level 2
    April 13, 2021

    Thanks Lisa - I entered this on Schedule D using the 1099B worksheet even though the info came from form 1099-S. I used code F to record the transaction. Does this sound right?

    Just-Lisa-Now-
    Just-Lisa-Now-Intuit Community ChampionAnswer
    Intuit Community Champion
    April 13, 2021
    Code F means Long Term with Basis not reported to IRS, so that seems appropriate, yes.
    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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