Form 1099-S is an informational form that lists the gross sale price of your Disney Vacation Club membership. The form itself is not entered into TurboTax. The amount shown on your form 1099-S Box 2 Gross proceeds is used to calculate any gain or loss on the sale of your Disney Vacation Club.
You will report the sale of the membership as the sale of a second home. Follow these steps to report the sale:
- Open or continue your return
- In the search box, search for sold second home and select the Jump to link
- Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2021? screen
- If you land on the Your investment sales summary screen, select Add More Sales
- On the OK, let's start with one investment type screen, select Other, then Continue
- On the Tell us more about this sale screen, enter the name of the person or institution that brokered the sale
- On the next screen, select Second Home (choose this also for inherited homes) or Land and answer the questions to finish entering your sale
This link Where do I enter the sale of a second home, an inherited home, or land on my 2021 taxes? Has information you may find helpful.
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