Get your taxes done using TurboTax

Kat · ‎January 31, 2021

@biologist3 Although we are all accustomed to the "old" format for entering 1099-S investment sales, it appears that TurboTax has modified the format and it's not changing.

Thanks to a couple of my co-Champs, @rjs and @tagteam , here are options to enter this investment sale.

If you are using the Desktop (CD/Download) TurboTax program, the screenshot below will assist you.

If you are using TurboTax Online (web-based), you can enter the sale by looking for the place to enter an investment sale not reported on a 1099-B, and select Box C or F on form 8949. For the description, enter "Vacation Home". @rjs also reminds you that if you sold the home at a loss, you'll need to check the box on the "less common adjustments" screen, indicating that the loss is not deductible.

Here's that screenshot for Desktop:

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***