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Deductions & credits
Hello - So I did sell land that I owned in Kentucky and I live in Indiana. I received a 1099-S that also contains the filer information. I upgraded to TT Premier Download and have the following questions:
1. Under Personal Information, do I need to choose I had income under another state or just document sale in the Investment section under Income?
2. When inputting sale of land under Investments, I do not see an area to input the Filers information/TIN?
3. When inputting "Land" in the area for Description - will this still generate the correct form for the IRS?
4. Do you have to itemize or can you still take the standard deduction when you have a 1099-S?
Thank you
March 10, 2021
12:57 PM