gats1016
Level 3

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.

0 Cheers