You report the sale of a personal property in the same section where you report the sale of stocks and bonds. There is not an entry screen for a 1099-S, but the IRS expects to see the proceeds reported on the form on your tax return. To report the sale of the property, while in your return:
- Click on Search
- Type in "Form 1099-S:
- Click on "Jump to form 1099-s"
- If you've already entered some investment sales, click on "Add investments", otherwise
- Answer Yes to "Did you have investment income in 2022?"
- Click through the program until you get to "Let's import your tax info?", and click on "Enter a different way".
- Continue and enter the details of your sale.
- Be sure to adjust your proceeds for any sales expenses like commissions, advertising, etc.
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