LindaS5247
Expert Alumni

Deductions & credits

As Mike9241 mentions above, you can ask the issuer of the form about it if you believe it was issued in error.

 

You can get to the screens in TurboTax for entering your Form 1099-S as follows:

  1. Click on the search icon in the upper right of your TurboTax screen.
  2. Enter "Form 1099-S" in the search bar
  3. Click on the link "Jump to Form 1099-S"
  4. Click on "Add Investment"
  5. Select "Skip Import"
  6. Click on the box "Other" the box will turn green and a checkmark will appear
  7. Answer the questions regarding your Form 1099-S
  8. If you are reporting an easement, you can report the Proceeds = Cost or other basis as mentioned above; this results in no gain.
  9. Answer all follow-up questions 

 

Your TurboTax screens will look something like this:

 

 

 

 

 

 

 

Click here for Where do I enter Form 1099-S?


Click here for About Form 1099-S, Proceeds from Real Estate Transactions


 

 

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