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1099-s

My siblings and myself manage a farm we inherited by forming a partnership.   As the partnership, we sold wetlands and grasslands easement to the US Fish and Wildlife Service.   As a result of this sale, the partnership received 1099-S forms.   Where do I input information from the 1099-S form in TurboTax for Business on the return for the partnership?

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1099-s

You do NOT enter the 1099-S forms directly ... an asset was sold so it will be reported on the form 4797 or 8825 ... read the instructions carefully then follow the program screens ....  I highly suggest if you are not sure and/or this is the first form 1065 that you seek local professional help to make sure you do things correctly ... 

 

https://www.irs.gov/pub/irs-dft/i1065--dft.pdf