Posted by John K Haslach, CPA, MST on March 25, 2005 at 15:17:48:
You show your proceeds and basis in the part of the land you sold. Now, is it 1231 gain or Capital?
How report partial LT interest sale to IRS? - Posted by Dave Hanson
Posted by Dave Hanson on March 24, 2005 at 04:12:20:
I sold 20% of the bene interest in land trust on 12/31/04. I want to know how I should report this. There doesn’t seem to be an obvious way to sell a fraction of a schedule E asset…
Bonus points for any help entering this into Turbotax. 
TIA for your help, Dave