I have the download version of TTDeluxe. Where can I input my 1099-S for investment property? The investment section does not have any options.

Forum|Forum|4 years ago
February 27, 2022
4 replies
10 views

This is unimproved land.

TurboTax Online

LeonardS

Level 14

Form 1099-S is an informational form and is not entered directly into a tax return. The data on the form may be used when you are completing your tax return.

To report the sale of your land using the Substitute Form 1099-S in TurboTax follow these steps:

Open or continue your return
In the search box, search for sold second home and select the Jump to link
Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2021? screen
- If you land on the Your investment sales summary screen, select Add More Sales
On the OK, let's start with one investment type screen, select Other, then Continue
On the Tell us more about this sale screen, enter the name of the person or institution that brokered the sale
On the next screen, select Second Home (choose this also for inherited homes) or Land and answer the questions to finish entering your sale

This link Where do I enter the sale of a second home, an inherited home, or land on my 2021 taxes? has information you may find useful.

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robintucker226-gAuthor

Level 2

Thanks for the reply. When I do as you suggest, the top Jump To link is"cost of goods sold". The other search results are even less helpful. I have not seen the questionnaire page as you have indicated. Where might I find it?

LeonardS

Level 14

After you type "sale of second home" in the search box hit the enter key and Jump to sale of second home will show up in the search results box at the very top.

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