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1099S
I hvve Turbo Tax Premier. I sold personal use property (real estate) and received a 1099S from a law office. However when I attempt to access the information for 1099S, turbo tax keep bring up the information for 1099B. The boxes are different. How do I enter the information for 1099S?
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March 19, 2021
5:56 PM
last updated
March 19, 2021
5:56 PM
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1099S
If it is your personal primary home:
Enter your sale of your primary residence (which may require an upgrade in TurboTax), please follow these steps:
- Once you are in your tax return (for TurboTax Online sign-in, click Here), click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home & Business)
- Next click on “Wages & Income” ("Personal Income" in TurboTax Home & Business)
- Next click on “I’ll choose what I work on”
- Scroll down the screen until to come to the section “Less Common Income”
- Choose “Sale of Home (gain or loss)” and select “start’
- You will want to use the "Easy Guide" to determine the adjusted basis on this home
Alternatively, to enter this sale of a second home in TurboTax Online or Desktop, please follow these steps:
- Once you are in your tax return, click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home & Business)
- Next click on “Wages & Income” ("Personal Income" in TurboTax Home & Business)
- Next click on “I’ll choose what I work on” (jump to full list)
- Scroll down the screen until to come to the section “Investment Income”
- Choose “Stocks, Mutual Funds, Bonds, Other” and select “start’ (or “update” is you have already worked on this section)
March 19, 2021
6:01 PM
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