Follow the directions below to enter your Form 1099-S for the sale of your rental property.
- Log in and open your return.
- Type rentals into the search field and select the Jump to link in the search results
- Answer Yes to the question Did you have any rental or royalty income and expenses in 2019 for property you own?
- When you get to Is This a Rental Property or Royalty? select Rental property and fill out the description, address, and owner.
- When you hit Do Any of These Situations Apply to This Property? check the Sold box along with any other boxes that may apply.
- Continue following the onscreen prompts to enter info about your rental property. Eventually, you'll get to the Review Your [Property] Rental Summary screen. You can report the sale in the Sale of Property/Depreciation section, along with any other pertinent info (like income and expenses)
Please view this TurboTax FAQ to view additional tips for entering Form 1099-S. The terminology tips are very helpful.
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