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turtleraes
New Member

Got a 1099-s for selling my deceased sisters house do i have to report this as income, or where do i enter this ?

 
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Accepted Solutions
KiaraE
New Member

Got a 1099-s for selling my deceased sisters house do i have to report this as income, or where do i enter this ?

If the 1099-S was for the sale of your main home, it’s reported under Less Common Income in the Wages & Incomesection. Here's how to enter the form:

  • Open your return.
    (To do this, sign in to TurboTax and select the blue Take me to my return button.)
  • Type “sale of home” in the Search box.
  • Select the “Jump to” link in the search results.
  • Follow the screens to enter the info from your 1099-S.

Profits of up to $250,000 ($500,000 on a joint return) on the sale of your home may not be taxable if it was your primary residence for two of the last five years. We’ll ask you some questions about the sale of your home to see if you qualify.

Other real estate sales

If your 1099-S wasn’t for the sale of your main home, select the option below for step-by-step instructions:

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1 Reply
KiaraE
New Member

Got a 1099-s for selling my deceased sisters house do i have to report this as income, or where do i enter this ?

If the 1099-S was for the sale of your main home, it’s reported under Less Common Income in the Wages & Incomesection. Here's how to enter the form:

  • Open your return.
    (To do this, sign in to TurboTax and select the blue Take me to my return button.)
  • Type “sale of home” in the Search box.
  • Select the “Jump to” link in the search results.
  • Follow the screens to enter the info from your 1099-S.

Profits of up to $250,000 ($500,000 on a joint return) on the sale of your home may not be taxable if it was your primary residence for two of the last five years. We’ll ask you some questions about the sale of your home to see if you qualify.

Other real estate sales

If your 1099-S wasn’t for the sale of your main home, select the option below for step-by-step instructions:

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