JotikaT2
Employee Tax Expert

Retirement tax questions

Form 1099-S is used to report proceeds from the sale of real estate or property transactions.  

 

To enter the 1099-S Form, log back into TurboTax.

  1. Select Wages & Income.
  2. Scroll down to the section titled Investments and Savings.
  3. Select start to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).
  4. Select the box +Add investments
  5. On the "Let's import your tax info" page, select Enter a different way.
  6. The next screen is titled "OK, let's start with one investment type".  Select Other (land, second homes, personal items) 1099-S.
  7. Proceed to answer the questions as prompted.

 

Please see this link for more information on how and when your 1099-S should be reported.

 

 

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