There is no section in TurboTax to directly enter the information from the 1099-S. This is also the way tax software is coded for other programs including Ultra Tax. Form 1099-S is used to report the proceeds from the sale or exchange of real estate and certain royalty payments. This includes transactions that consist of sale or exchange for money, indebtedness, property, or services of any present or future ownership interest in: Improved or unimproved land, including air space.
You will enter the information from the 1099-S and your information about the date of purchase and the cost basis of the home that you have from your records.
Here is a TurboTax Help article with instructions for entering this into your tax return using the Desktop version of TurboTax. Use the exact search term in the instructions.
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