in [Event] MetLife & TurboTax Present: the Ask us Anything Forum
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@riceville123 wrote:
Do I need to amend 1040SR if just received 1099S?
Most likely, yes. If you do not report the 1099-S, there will be a mismatch as the IRS receives a copy.
Where you enter your Form 1099-S depends on why you received it.
If you sold your main home
Profits of up to $250,000 ($500,000 on a joint return) on the sale of your home may not be taxable if it was your primary residence for two of the last five years. We’ll ask you some questions about the sale of your home to see if you qualify.
If you sold other real estate
Select which type of sale you made for step-by-step instructions:
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