Form 1099-S is an informational form and is not entered directly into a tax return. The data on the form may be used when you are completing your tax return. You may use the data on your Substitute Form 1098-S to prepare your tax return. This will not impact your return.
To report the sale of your land using the Substitute Form 1098-S in TurboTax follow these steps:
- Open or continue your return
- In the search box, search for sold second home and select the Jump to link
- Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2021? screen
- If you land on the Your investment sales summary screen, select Add More Sales
- On the OK, let's start with one investment type screen, select Other, then Continue
- On the Tell us more about this sale screen, enter the name of the person or institution that brokered the sale
- On the next screen, select Second Home (choose this also for inherited homes) or Land and answer the questions to finish entering your sale.
This link Where do I enter the sale of a second home, an inherited home, or land on my 2021 taxes? has information you may find useful.
@Bserrano
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