pk
Level 15
Level 15

Deductions & credits

@beekeeper , while I agree with @ColeenD3  that the  final result  ( taxwise ) can be achieved that way , but I believe  you are entering the 1009-S in the wrong area --- assuming that this was real-estate ( thus a 1099-S )  you should be entering this under  sale of home / real-estate  ---

In  TurboTax Home & Business ( I have only access to downloaded version  -- but on-line should be the  substantially similar:

They have changed the entry process  for this  ( compared to 2018 -- there is a bounce between  personal income and business income  but eventually the entries are  in "business income and expenses "  "I'll choose what I work on ",  "other less common income situations" "sale of business property" and  follow on screens.  The tabular entry of the  sales costs  has now been eliminated and actually added to the  " cost or other basis of the property  --- this is what  line 21 on the "enterable" form  4797  says.   SAo yes therefore Turbo Tax will not ask for  sales expenses  --- also help note  are the same as before  i.e.  cost basis  is defined as  acquisiton cost + cost of improvements + un-reimbursed casualty loss etc.    So yes there is a problem here .  Sorry

 

that is my take on this  -- thank you for your patience and for bring this  to this board

 

pk