Where do I list my 1099S for sale of inherited land?

Where do I include 1099S from sale of inherited land

Best answer by MargaretL

The form 1099-S in itself is not reported in TurboTax, but you will use the information from the form to enter the land's sale.

The data entry in TurboTax is as follows:

Federal Taxes
Wages & Income
Scroll down to Investment Income
Select Stocks, Mutual Funds, Bonds, Other – indicate that you have not received form 1099-B and continue through the interview. You will be prompted to enter the sale category as land, please continue through the prompts.

Level 12

The form 1099-S in itself is not reported in TurboTax, but you will use the information from the form to enter the land's sale.

The data entry in TurboTax is as follows:

Federal Taxes
Wages & Income
Scroll down to Investment Income
Select Stocks, Mutual Funds, Bonds, Other – indicate that you have not received form 1099-B and continue through the interview. You will be prompted to enter the sale category as land, please continue through the prompts.