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

TomK
Level 2
 
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Just-Lisa-Now-
Level 15
Level 15
Code F means Long Term with Basis not reported to IRS, so that seems appropriate, yes.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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4 Comments 4
Just-Lisa-Now-
Level 15
Level 15

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


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
TomK
Level 2

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?

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Just-Lisa-Now-
Level 15
Level 15
Code F means Long Term with Basis not reported to IRS, so that seems appropriate, yes.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
TomK
Level 2

Thank you