Retirement tax questions

Please clarify – what type of real estate transaction does your Form 1099-S reflect?

Is it:

  • Sale of your main home,
  • Sale of a second home, an inherited home, or land,
  • Sale of standing timber, or
  • Sale of a rental property?

There are different ways of inputting Form 1099-S data, depending on the type of transaction, and knowing this will be helpful in providing an answer. 

Please see the TurboTax Help article Where do I enter Form 1099-S? for more information.