If the 1099-S was for the sale of your main home, it’s reported
under Less
Common Income in the Wages & Income section. Here's
how to enter the form:
·
Open your return.
(To do this, sign in to TurboTax and select the blue Take me to my return button.)
·
Type “sale of home” in the Search box.
·
Select the “Jump to” link in the search results.
·
Follow the screens to enter the info from your 1099-S.
Profits of up to $250,000 ($500,000 on a joint return) on the
sale of your home may not be taxable if it was your primary residence for two
of the last five years. We’ll ask you some questions about the sale of your
home to see if you qualify.
Other real estate sales
If your 1099-S wasn’t for the sale of your main home, select the
option below for step-by-step instructions:
·
Sale
of a second home, an inherited home, or land
·
Sale
of a rental property
·
Sale
of standing timber
