Investors & landlords

If really want to enter a 1099-S follow these instructions. The following (of any TurboTax version), can be used for the sale of a second home, but is confusing because it looks like the sale of your primary home. It is not ONLY for the sale of your primary home and this has ALL of the information for selling a second home. 

 

  1. Select Wages and Income tab 
  2. Scroll down through all income until you see Less common Income 
  3. Select Sale of a Home (profit and loss)
  4. Follow prompts to enter Ownership and Address of the Home - Select continue
  5.  The next form asks you if you have a 1099-S - Fill this out and then follow the prompts for more detail about the sale of your home