tse0204
Returning Member

Retirement tax questions

I think you will first have to pay $30 to get the upgrade of the Turbo Tax Deluxe version to the Premier version in order to report the proceeds in the 1099-S for the Sale of Your Home under the Less Common Income section.  This option is not available in the Deluxe version. 

 

Before you jump into the upgrade, I would suggest you break out the 1009-S into different owners of your property.  You should ask the same attorney who issued the 1099-S for you.  If your house was co-owned by 3 peoples, then you would need 3 separate 1099-S for each individual.  I think this is the law.

 

I have recently sold my house.  It was co-owned by my wife.  Upon the closing, my attorney gave us 2 separate 1099-S. 

 

Good luck!