GM75
Returning Member

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