The Form 1099-S is not entered on a tax return. The information from the Form 1099-S is used when reporting the sale of the property.
The home sale is reported in the Investment Income section of the TurboTax program. Enter it as a second home since it was not your primary home.
To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.
- Click on Federal Taxes (Personal using Home and Business)
- Click on Wages and Income (Personal Income using Home and Business)
- Click on I'll choose what I work on (if shown)
- Under Investment Income
- On Stocks, Mutual Funds, Bonds, Other, click the start or update button
Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales
