My clients bought an unimproved lot in 2017 for $472,660 and sold it in 2020 for $767,163; with costs, the gain is $264,888. I'm using Proseries and I CANNOT figure out how to report the gain. No place on Schedule D which sends me to the 8949, which doesn't seem right since there is no 1099-B. And the 4797 doesn't seem to fit as there is no depreciable asset and that isn't the form I would choose but the program keeps sending me there. Any help would be appreciated. Thanks.
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Select the 1099B worksheet in the Schedule D - then scroll down to the Quick Entry Table. That should be the data entry format you're looking for.
Select the 1099B worksheet in the Schedule D - then scroll down to the Quick Entry Table. That should be the data entry format you're looking for.
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