LeonardS
Expert Alumni

Deductions & credits

The information on Form 1099-S is not directly entered into your tax return.  You will use the information from Form 1099-S along with the settlement statement from the sale of your real estate to report a capital gain or loss.

 

 

To enter the sale of your home with TurboTax open enter home sale in the search box then click jump to home sale.  Follow the screen prompts to enter your sale information.

 

To enter the sale of rental property with TurboTax open enter sale of rental property in the search box then click jump to sale of rental property.  Follow the screen prompts to enter your sale information.

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