Get your taxes done using TurboTax

Here are the steps to enter the information found on the 1099-S.

• Click on the Wages & Income tab
• Next click on I'll choose what I work on
• Scroll down the screen until you come to the section Investment Income
• Chose Stocks, Mutual Funds, Bonds, Other and select Start or Update
• The first screen will ask if you sold any investments during the year, answer 
• Did you get a 1099-B or a brokerage statement for these sales? Answer No
• Tell us about this sale, Click I'll enter one sale at a time
• The drop-down boxes can be filled out with the details of your personal home

1. Description -  address
2. Date sold - 1099-S
3. Date acquired - from your records
4. Sale proceeds - 1099-S
5. Cost basis - purchase price plus other settlement costs

You can include in your basis the settlement fees and closing costs you paid for buying your home. A fee is for buying the home if you would have had to pay it even if you paid cash for the home.

The following are some of the settlement fees and closing costs that you can include in the original basis of your home.

Abstract fees (abstract of title fees).

Charges for installing utility services.

Legal fees (including fees for the title search and preparation of the sales contract and deed).

Recording fees.

Surveys.

Transfer or stamp taxes.

Owner's title insurance.

Any amount the seller owes that you agree to pay, such as back taxes or interest, recording or mortgage fees, cost for improvements or repairs, and sales commissions.

Here is a TurboTax Help article about selling your home.

Here is a more direct way to report the Sale of Your Personal Home and make sure that the 1099-S is included in your tax return.

To report the sale:

1. Log in to your account.
2. Go to Federal Taxes.
3. Go to Wages and Income.
4. Scroll down to Less Common Income and click show more.
5. Select Sale of Home (gain or loss)  and Click start.

Make sure that you indicate that you received a 1099-S for the sale so that the IRS will know that that was reported.

On the screen

Include Sale of Home in Return

If you received a Form 1099-S be sure to mark the box below to include the sale of this home on your tax return

Check the box below this for Include my sale of home on my return.

[Edited 03/28/23|11:43 AM PST]

@troy1