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RouteRick
Returning Member

I sold some land in 2022 and have a capital gain. I go to investments, select other (1099S) but the transaction saves as a 1099B in Turbotax. Any suggestions?

I am using Turbotax Premier,
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2 Replies

I sold some land in 2022 and have a capital gain. I go to investments, select other (1099S) but the transaction saves as a 1099B in Turbotax. Any suggestions?

ALL those sales go  to the Sch D so don't let how it looks in the program  worry you ... just review the Sch D later. 

I sold some land in 2022 and have a capital gain. I go to investments, select other (1099S) but the transaction saves as a 1099B in Turbotax. Any suggestions?

Alternatively, don't enter the 1099-S (TurboTax wants to treat it as a home sale).  

In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in  Home & Business)

 - Wages & Income

Scroll down to:

-Investment Income

   -Stocks, mutual funds, Bonds, Other (Real estate is other )

Answer no, when asked if you got a 1099-B. Then follow the interview.  As Critter said, it goes on Schedule D.

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