Deductions & credits
In TurboTax Desktop, select Search in the upper right hand corner of the screen. Enter search criteria where it says Type or ask something.
IRS form 1099-S Proceeds from Real Estate Transactions may report:
- Your main home,
- A second home,
- A vacation home,
- Land,
- Residential rental property, or
- Real property recorded as a business asset.
The tax treatment of each of these transactions differ. Sale of a second home, an inherited home or land are considered investment sales.
What kind of sale are you reporting?
