JohnB5677
Expert Alumni

Investors & landlords

If you receive an informational income-reporting document such as Form 1099-S, Proceeds From Real Estate Transactions, you must report the sale of the home even if the gain from the sale is excludable. Additionally, you must report the sale of the home if you can't exclude all of your capital gain from income.

 

There is not a specific place to enter a 1099-S.  It is determined by the circumstances.

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