Client bought vacant lot for $3K in 1970 (personal use) and sold the lot for $40K in 2019.
Where/How do I claim the $37K cap gains? SchD on the same lines we use for stock sales? Some other form?
Solved! Go to Solution.
Thank you! Now, where to report this cap gains on schD? Same lines I'd use to report stock sale (purchase date, purchase price, sale date, sale price, etc?) or is there a special area of schD to report sale of personal property? again, thank you!