Yes, Form 1099-S Proceeds from Real Estate Transactions, is reported in the investment section of TurboTax. If you're using TurboTax Online, you'll need to upgrade to Premier.
However, the CD/Download version of Deluxe supports 1099-S and you don't have to upgrade.
To enter the sale of a second home, an inherited home, or land, click here.
To enter the sale of your personal residence, click here.
To enter other investment sales, click here.
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