Cynthiad66
Expert Alumni

Deductions & credits

If you reported the sale of your home in TurboTax, you go back into other income. 

 

If the 1099-S was for the sale of your main home, it’s reported under Less Common Income in the Wages & Income section. Here's how to enter the form:

  1. Open or continue your return.
  2. Type sale of home in the Search box.
  3. Select the Jump to link in the search results.
  4. Follow the screens to enter the info from your 1099-S.
  5. Then edit 
  6. Follow the prompts to see the entries for the Basis.

However, use this link to see how the Basis is determined for your personal residence.

 

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