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If this 1099-S is for the sale of your primary home, it’s reported under Less Common Income in the Wages & Income section. Here's how to enter the form:
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.
I need to know how to send out 1099 to my contractors
If you paid an independent contractor more than $600 during tax year 2021, you are required to provide them with a form 1099-NEC and file these forms with the IRS by January 31, 2022.
You can use TurboTax Self-Employed to prepare and e-file forms W-2 and 1099-NEC.
To prepare forms W-2 and 1099-NEC, follow these steps:
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