turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Received 1099S form. I forgot to include on 1040SR. What do I need to do?

Do I need to amend 1040SR if just received 1099S?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Received 1099S form. I forgot to include on 1040SR. What do I need to do?


@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.

Received 1099S form. I forgot to include on 1040SR. What do I need to do?

Where you enter your Form 1099-S depends on why you received it.

If you sold your main home

  1. Sign in to TurboTax and select Pick up where you left off
  2. Select Search, enter sale of home, and select the Jump to link in the search results
  3. Answer Yes to Did you sell or have your home foreclosed in 2022?
  4. Enter the address of the home you sold on the next screen, and Continue
  5. On the next screen, answer Yes to Did you receive a Form 1099-S that reported this sale? and enter the info from your 1099-S
  6. On the next screens, follow the on-screen instructions to continue entering the info from your 1099-S

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:

 

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question