The closing agent issues form 1099-S to let the IRS know you received money from a sale of real estate, just like your employer issues a W-2 for wages and a bank issues a 1099-INT for interest paid.
You need to report the sale on your tax return. You can adjust the amounts, for the fact that you only sold half. As others have said, there is no specific place, in TurboTax (TT), to enter a 1099-S. You use the info to report the sale of your rental property. After answering yes, in TT, that you sold your rental, TT may ask about the 1099-S.
