- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
To enter the 1099-S data for proceeds received from inherited land in TurboTax Online,
- In the Search box on the upper right, search for 1099s, sale of property other than main home
- Click on Jump to 1099s, sale of property other than main home
- On the Your investment sales summary screen, click on Add sales or Add more sales
- On the OK, what type of investments did you sell? page, click on Other and Continue
- On the Tell us more about this sale page, enter the institution that issued Form 1099-S
- On the Now we’ll walk you through entering your sale details screen, enter Land (personal use) for type of investment; enter I inherited it for how you received it. Answer the rest of the questions appropriately.
April 8, 2021
10:47 AM