Investors & landlords

No, it's not a glitch.  The Form 1099-S is not an actual form entry page.

First let's determine if the income is taxable.  Next, if you decide it is taxable, this might be a 'right of way' payment. If so then you should follow the steps you have above and I will place them here as well with a few more details. 

• Grants or sales of limited easements are usually not treated as taxable sales of property. Instead, amounts received are subtracted from the cost basis/purchase price of the property. Any amounts received in excess of the cost basis are treated as taxable gain.
• IRS Publication 544

If you no longer own the portion of land where you were granted an easement payment:

1. Search (upper right) > Type investment sales > Click the Jump to.. link > 
2. Select Add investment or Review the one already started
3. If you select Add investment select Other (land, second homes, personal items) |1099‑S
4. Select Land as the type of investment > Select I purchased it > Type Easement in the Description
5. Continue to enter the date of purchase/acquired, date sold and Proceeds received
6. Your cost basis/amount paid for the land would be zero.
7. Continue until your entry is complete.