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Gingrerich1944
Level 1
Mar 17, 2025 1:41 PM UTC
Question

1099-s

Received a 1099-s from a sale of property we purchased in 2020 and sold in 2024. Losing money on the sale.  How is this reported in Premiere version of Turbotax?

    1 reply

    KrisD15
    KrisD15
    Alumni - Intuit
    Mar 17, 2025 1:52 PM UTC

    If this was used as your personal home, you enter the 1099-S for the sale (gain or loss) under 

     

    Wages & Income

    Less Common Income 

    Sale of Home 

     

    If an investment, second home, or land, enter under

    Wages & Income

    Investment Income

    Stocks, Cryptocurrency, Mutual Funds, Bonds, Other 

    (Click "Add investments" and "Type in myself"  if needed) 

    Select "Other" for investment type 

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