I am trying to enter 1099-S information. I go through all the motions stated on the instructions, but I answer NO on 1099-Bs and all it wants is a financial institution. I need to enter info on the property. I can't find any way to get into investment land sales. I have the Premier version.
Richard
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Enter the sale in the same manner as you would the sale of a stock or mutual fund.
To report the sale of land in TurboTax, please follow these steps:
@GloriaL wrote:
To report the sale of land in TurboTax, please follow these steps:
- Open or continue your return in TurboTax.
- In the Search box type "investment sales".
- Click the "Jump to investment sales" link in the search results.
- Answer Yes to “Did you sell stocks, mutual funds, bonds or other investments in 2020?”
- On the next screen Click on “Other”.
- On the Screen “Tell us more about this sale” type in Land Sale and Click on Continue.
- On the “Now We’ll walk you through entering your sale details”, under “What type of investment did you sell?” Select Land (other investment purposes) in the dropdown.
- Continue to enter the requested information on the screen(s).
The above instructions are applicable, if at all, to the online versions of TurboTax.
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