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nanacox
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Where do i report a 1099s for sale of a time share

 
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EricG1
New Member

Where do i report a 1099s for sale of a time share

There's different places you might enter a 1099-S, depending on your situation.

If the 1099-S is for the sale of your principal personal residence then the interview "Sale of Home (gain or loss)" in the "Less Common Income" section is what you need.

If the 1099-S is for the sale of a second/vacation home or a "flipper-home" then you'll want to use the "Stocks, Mutual Funds, Bonds, Other" interview.  You'll tell TurboTax that you didn't receive a 1099-B and then either select "Second Home" or "Everything else", depending on your situation.

If the 1099-S is for the sale of a rental property then you'll want to use the "Rental Properties and Royalties (Sch E)" interview to report the sale.


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1 Reply
EricG1
New Member

Where do i report a 1099s for sale of a time share

There's different places you might enter a 1099-S, depending on your situation.

If the 1099-S is for the sale of your principal personal residence then the interview "Sale of Home (gain or loss)" in the "Less Common Income" section is what you need.

If the 1099-S is for the sale of a second/vacation home or a "flipper-home" then you'll want to use the "Stocks, Mutual Funds, Bonds, Other" interview.  You'll tell TurboTax that you didn't receive a 1099-B and then either select "Second Home" or "Everything else", depending on your situation.

If the 1099-S is for the sale of a rental property then you'll want to use the "Rental Properties and Royalties (Sch E)" interview to report the sale.


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