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thom
Level 2

1099-S for sale of inherited rental property

Trying to enter 1099-S for inherited house used as rental in 'second home' section and TT says "Don't enter sales of business property in this interview topic".
Sales info is entered into 'Rental & Royalty Income' section.
Is 1099-S needed? If so, where/how do I enter.

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2 Best answer

Accepted Solutions
Kat
Level 15
Level 15

1099-S for sale of inherited rental property

The TurboTax FAQ below "should" assist you in getting to the right place in the TurboTax interview.  Please post back if you still have difficulty.  

 

https://ttlc.intuit.com/questions/1933977-i-sold-my-rental-property-how-do-i-report-that

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

View solution in original post

thom
Level 2

1099-S for sale of inherited rental property

Thanks. The rub came in because we received a 1099-S & that isn't needed in Rental Property interview.

View solution in original post

3 Replies
Kat
Level 15
Level 15

1099-S for sale of inherited rental property

The TurboTax FAQ below "should" assist you in getting to the right place in the TurboTax interview.  Please post back if you still have difficulty.  

 

https://ttlc.intuit.com/questions/1933977-i-sold-my-rental-property-how-do-i-report-that

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
thom
Level 2

1099-S for sale of inherited rental property

Thanks. The rub came in because we received a 1099-S & that isn't needed in Rental Property interview.

Kat
Level 15
Level 15

1099-S for sale of inherited rental property

So glad it helped you get past the issue.  Best of luck!

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
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