There is no section to enter a 1099-S exactly except for the sale of a personal home. That sale is often reported on a 1099-S. The information on the 1099-S is entered in the section of the tax return that is reported on the 1099-S.
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.
@tanlongpham
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