Sale of a business property

[jaypeaster]

I received a form 1099-s for the sale of a business property. Where do I enter this form in turbotax?

[Critter]

The form is not entered directly ... but the sales price information  is used in the asset section when you indicate you sold the asset. 

[Carl]

How you report this sale depends on the type of business sold. A SCH C business that's reported on your personal 1040 tax return? Maybe it's a partnership reported on IRS Form 1065? Or possibly an S-Corp reported on form 1120-S? Or even a C-Corp reported on form 1120?

But like Critter said, you will not enter the 1099-S directly into the program anywhere. The 1099-S only shows the cash proceeds you were physically handed at the closing. Your actually taxable gain or loss could be more or less than the cash received at the closing.