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Level 4
February 12, 2023
Question

WHAT LETTER DO I USE ON THE SCHEDULE D FOR THE SALE OF GROUND

  • February 12, 2023
  • 2 replies
  • 19 views

What letter do I put for the sale of ground on the shedule d

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2 replies

BobKamman
Level 15
February 12, 2023

Is "ground" what they call "farmland" in your neck of the woods?  Maybe this should go on Form 4797?

Camp1040
Level 10
February 12, 2023

Maybe it is unimproved vacant land. Come on Bob, I thought you excelled at mind reading!

BobKamman
Level 15
February 12, 2023

Just because I know the Eagles are going to win by 11, doesn't mean there are grounds for me to know what is meant here.  

IRonMaN
Level 15
February 12, 2023

Schedule C here ------------------ I interpret sale of ground as the sale of dirt 😁

Slava Ukraini!
BobKamman
Level 15
February 12, 2023

So, what depletion percentage would you use for that?

Or maybe you are referring to the recent sale of the National Enquirer. 

IRonMaN
Level 15
February 12, 2023

I thought you said 11 - or were you talking football instead of taxes? 😜

Slava Ukraini!