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Deductions & credits
To explain this better, proceeds of a buyout per the divorce property settlement in last December, I sold my share to my ex-wife and the amount I received was supposed to be tax free, but I just received a 1099-S for it. Actually 1099-S is a part of Turbotax premier, but when it comes to the interview I don’t know how to answer it and the code letter for adjustment to avoid paying taxes on it. If I see a simple form for this case I can manually change my tax return form to make it work.
January 7, 2022
4:01 PM