Can I use turbo tax deluxe to file form 1099 s?

[MarilynG1]

You are a nominee recipient for your siblings share of the proceeds and should issue a 1099-MISC to your siblings to report their share.  The 1096 form is a cover sheet sent to the IRS along with copies of the 1099s you give to your siblings. You can download Form 1099-Misc and Form 1096 from the IRS website. 

If they have already filed, they may need to Amend their returns to include the income. 

Enter the full amounts listed on the 1099-S in your return.  You can enter the nominee adjustment in the Less Common Income section in TurboTax using these steps:

1. Click on Federal > Wages & Income   
2. In the Less Common Income section , click on the Start/Update box next to Miscellaneous Income, 1099-A, 1099-C. On the Miscellaneous Income screen, click on the Start/Revisit box next to Other reportable income. 
3. On the Any Other Taxable Income? screen, click the Yes box.
4. Add your siblings amount as a negative number and put 'nominee adjustment' as the description on the next screen, Other Taxable Income.
5. This amount will appear on line 8 of the 1040 (Other Income from Schedule 1).

@S3pand

[gailausborn]

I am using the desktop version of TurboTax Deluxe for my 2024 taxes. I enter the information for my 1099-S. When I look back at it, the information is under a 1099-B. I deleted it and tried again, several times. I have tried selecting "other" as the type of sale and "second home". It still puts the information under 1099-B. Do I need to upgrade to Premier after all?

[IsabellaG]

You don't have to upgrade to Premier to report the sale of this property. The screens are the same for both TurboTax Deluxe and TurboTax Premier.  While the interview screen for "Sale of Second Home" looks like you are entering a 1099-B, the screens that follow allow you to choose "second home" and enter all the information pertinent to the sale, and the sale will be reported correctly on Schedule D, Capital Gains and Losses. 

If you are actually trying to report the sale of your personal residence, begin entering your information under Wages and Income, Less Common Income, Sale of Home.