ErnieS0
Expert Alumni

Deductions & credits

There is no Form 1099-S entry in TurboTax. Just report the sale of vacant land using the gross proceeds and date shown on the form.

 

  1. Tap Federal in the left column
  2. Select Wages & Income
  3. Scroll down to Investment and Savings
  4. Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
  5. On “Your investments and savings” tap +Add investments
  6. Skip “Get Ready to be Impressed”
  7. On “Let’s import your tax info, tap Enter in a different way
  8. On “OK, let’s start with one investment type, select Other, then Continue
  9. On “Tell us more about this sale,” enter Vacant Land
  10. On “Now, enter one sale for Vacant Land," in the box What type of investment type did you sell? choose Land (personal use) or Land (other investment purpose)
  11. Fill in the rest of the info

@MGanahi

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