PattiF
Expert Alumni

Get your taxes done using TurboTax

There is no section to enter a 1099-S precisely. There is a section to enter some of the information from the 1099-S. The investment section is used to report the sale.

 

From the IRS:

Generally, you are required to report a transaction that consists in whole or in part of the sale or exchange for money, indebtedness, property, or services of any present or future ownership interest in any of the following.

  • Improved or unimproved land, including air space.
  • Inherently permanent structures, including any residential, commercial, or industrial building.
  • A condominium unit and its appurtenant fixtures and common elements, including land.
  • Stock in a cooperative housing corporation (as defined in section 216).
  • Any non-contingent interest in standing timber.

 

The form reports various sales and no tax software has an exact entry spot for form 1099-S like you would enter a 1099-INT or a 1099-R. 

 

@troy1 

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