JulieS
Expert Alumni

Deductions & credits

Yes, you can report your 1099-S in the investment section of TurboTax. The fact that it was not a voluntary process, doesn't affect the way it is entered on your tax return. 
 
This is how to enter your 1099-S:

 

  1. Select Federal, then Wages & Income.
  2. Scroll down and look for Investments & Savings.
  3. Expand the section and find Stocks, Mutual Funds, Bonds, Other and click on Start or Update to the right. 
  4. Click + Add investments at the bottom. 
  5. Click Continue.
  6.  Scroll to the bottom and click Enter a different way.
  7. Select Other (1099-S), click Continue.
  8. Enter a description and click Continue.
  9. Select Land (personal use) from the first drop down. 
  10. Fill in your information about the sale. 
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