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Business & farm
You enter the sale of land the same as you do sale of second home. TurboTax won't ask specifically for your 1099-S but you will enter the information from it. Follow these steps.
- Open your return in TurboTax.
(To do this, sign in to TurboTax and select Take me to my return button.) - In the search box, search for sold second home (use this exact phrase) and then select the "Jump to" link in the search results.
- Answer Yes on the Did You Sell Any Investments in 2017? screen.
- If you land on the Here's the investment sales info we have so far screen, select Add More Sales.
- Answer No to the 1099-B question.
- On the next screen, select Land. Select Continue.
- On the "Enter Land Sale Information" screen, you enter the information from your 1099-S.
- Follow the on-screen instructions. It will ask for cost information and date of purchase.
‎June 4, 2019
9:26 PM