The form 1099-S in itself is not reported in TurboTax, but you will use the information from the form to enter the land's sale.
The data entry in TurboTax is as follows:
- Federal Taxes
- Wages & Income
- Scroll down to Investment Income
- Select Stocks, Mutual Funds, Bonds, Other – indicate that you have not received form 1099-B and continue through the interview. You will be prompted to enter the sale category as land, please continue through the prompts.
