DawnC
Employee Tax Expert

Deductions & credits

You are in the right spot.  Other Investment sales is where you enter the information from the 1099-S.   Answer Yes that you sold investments in 2020.   And NO to the 1099-B question.   The screen will not ask for the actual 1099-S, but you use the information on the 1099-S to complete the sale entry.  You need the description, date sold, date acquired, proceeds, and the basis.  If you held the property for more than a year, the holding period is Long-Term.  If less than a year, it is Short-Term.  

 

As mentioned above, you will need to know the 'Cost Basis' of the portion of land you sold.  You could use an Assessor's Statement or Tax Bill and calculate the % that belongs to the land you sold. 

 

Where do I enter Form 1099-S?  @stitches_of_joy

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