Hi,

I need help with this, how report it on schedule D?

4. On her birthday on June 27, 2004, Heather received as a gift from her father

unimproved land located in Dumas County (TN). The land cost her father $80,000 in

1975 and had a value of $205,000 on the date of the gift. No gift tax was due as a

result of the transfer. On July 15, 2014, Heather sold the land to an adjoining property

owner for $320,000. She incurred $28,200 in selling costs.

5. When Heathers father died in 2010, he had a life insurance policy issued by John

Hancock Insurance Company with a maturity value of $1,000,000. As the designated

beneficiary of the policy, Heather picked a settlement option of $215,000 annually,

payable over five years. In 2014, she received a check from John Hancock for

$215,000.