A Form 1099-S is not entered anywhere on a tax return. The Gross Proceeds shown on the form is entered in the section for reporting the sale of the property. The Gross Proceeds should be the Sales Price for the home.
- 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)
- Scroll down to Less Common Income
- On Sale of Home (gain or loss), click the start or update button
Or enter sale of home in the Search box located in the upper right of the program screen. Click on Jump to sale of home
