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Level 3
February 16, 2022
Question

How to enter the gain on sale of investment land?

  • February 16, 2022
  • 4 replies
  • 28 views
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4 replies

Level 10
February 16, 2022

Schedule D, then use the 1099-B worksheet. (Which is not quite correct, but it is the only place that works)

for the name, I would just put land,

then enter the information as best you can in the quick entry table. I get to the point as long as I come out with the correct gain reported, I quit worrying about the worksheet not fitting the situation correctly. 

idisjdAuthor
Level 3
February 16, 2022

Thank you. I am using the 8948 box sale type F , this long term gain? jd

Level 10
February 16, 2022

That looks like what I would do so long as the holding period was over 1 year