PattiF
Expert Alumni

Retirement tax questions

There is no spot to directly enter the information that is on the 1099-S.  The information on the 1099-S is used to enter the Sale of Your Home along with other information about the purchase of your home that you have from the initial purchase on the settlement sheets.

 

In the Sale of Your Home that you mentioned in your question, answer the questions for the sale:

 

Date Sold: Date from 1099-S

Sales Proceeds: Amount from 1099-S

Date Acquired: From your records for the purchase of the home

Cost Basis: Amount paid for the property 

@tse0204 

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